For journal entres n this asaigment, eritor AR tor Accounta Receratie, ADA lar Alowance for DouothM...
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For journal entres n this asaigment, eritor AR tor Accounta Receratie, ADA lar Alowance for DouothM Accourts, BDE for Bad Debt Expense, REV for Sales Revenue, and CASH for Cash Please be careful as you type, because Bluckboard is very rigid Enter all numene answers in whole dolars but wihout a S. Prosty inc. recorda salen on account of $150.000 during the month of June The company estmatos bad dobt esperse as of 35% of cedit sales a Show the jourmal entry for the June sales on acoount (ernter account nane hom the choices n the ganeral istructons bove, and then the amount) Debit Credit Show the joumal entry for June's bad dott experne Debit Credit Assuming Priesty's opening talance of Accounts Receivabie on June 1 was S0, what a ita balance of net Accounts Receivable atier the two entries above? Just before closing its books on June 30, Priestly learna that one of ts customers, the Mokay Company, has run into financial dificultly and cannot pay an invoice totaling $1,875. Priestly decides to wite off McKaya account Show the journal entry for the write-oft. Debit Credit What is Priestly's balance of net Accounts Receivable after the write-off? On July 15, Priestly is pleasantly surprised to receive a check for $1,100 from McKay with a note saying the remainder of the balance due will be sent in two weeks. A Show the journal entry to reinstate to Accounts Receivable the amount for which payment has been received. • Debit: . Credit: 8. Show the journal entry to record McKay's payment. - Debit: Credit C. What is Priestly's balance of net Accounts Receivable after the two entries above pertaining to McKay? For journal entres n this asaigment, eritor AR tor Accounta Receratie, ADA lar Alowance for DouothM Accourts, BDE for Bad Debt Expense, REV for Sales Revenue, and CASH for Cash Please be careful as you type, because Bluckboard is very rigid Enter all numene answers in whole dolars but wihout a S. Prosty inc. recorda salen on account of $150.000 during the month of June The company estmatos bad dobt esperse as of 35% of cedit sales a Show the jourmal entry for the June sales on acoount (ernter account nane hom the choices n the ganeral istructons bove, and then the amount) Debit Credit Show the joumal entry for June's bad dott experne Debit Credit Assuming Priesty's opening talance of Accounts Receivabie on June 1 was S0, what a ita balance of net Accounts Receivable atier the two entries above? Just before closing its books on June 30, Priestly learna that one of ts customers, the Mokay Company, has run into financial dificultly and cannot pay an invoice totaling $1,875. Priestly decides to wite off McKaya account Show the journal entry for the write-oft. Debit Credit What is Priestly's balance of net Accounts Receivable after the write-off? On July 15, Priestly is pleasantly surprised to receive a check for $1,100 from McKay with a note saying the remainder of the balance due will be sent in two weeks. A Show the journal entry to reinstate to Accounts Receivable the amount for which payment has been received. • Debit: . Credit: 8. Show the journal entry to record McKay's payment. - Debit: Credit C. What is Priestly's balance of net Accounts Receivable after the two entries above pertaining to McKay?
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