The Parker Supply Company uses the direct write-off method of accounting for uncollectible accounts. Instructions In your
Question:
The Parker Supply Company uses the direct write-off method of accounting for uncollectible accounts.
Instructions
In your working papers:
1. Record the following transactions on page 21 of the general journal.
2. Post the transactions to the appropriate accounts.
Transcribed Image Text:
Date Apr. 10 Nov. 30 Dec. 30 Transactions Sold merchandise on account to Sonya Dickson, $600 plus $30 sales tax, Sales Slip 928. Wrote off Sonya Dickson's account as uncollectible, $630, Memorandum 78. Received $630 from Sonya Dickson in full payment of her account. This account was written off on November 30, Memorandum 89 and Receipt 277.
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