Question: LaPaglia Co. has requested that you prepare journal entries from the following (this company uses the Allowance for Doubtful Accounts method based on the income
LaPaglia Co. has requested that you prepare journal entries from the following (this company uses the Allowance for Doubtful Accounts method based on the income statement approach):
2015 Dec. 31 Recorded Bad Debts Expense of $13,000.
2016 Jan. 7 Wrote off Gene Savage's account of $500 as uncollectible.
Mar. 5 Wrote off Paul Jane's account of $800 as uncollectible.
July 8 Recovered $450 from Paul Jane.
Aug. 19 Wrote off Bob Shea's account of $1,500 as uncollectible.
Aug. 24 Wrote off Jill Norton's account of $700 as uncollectible.
Nov. 19 Recovered $300 from Bob Shea.
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LAPAGLIA CO GENERAL JOURNAL Date Account Titles and Description PR Dr Cr 2015 Dec 31 Bad Debts Expen... View full answer
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