ACC $240$

Extra Credit Assignment

Fall $2024$

Wolverine Company sells merchandise $-$ both for cash and on account. Prepare journal entries for the following transactions. Be sure to show all work.

This assignment must be completed by hand $-$ no computer printouts.

$\backslash$table$[[$Nov $1,$Sell $$9,000],[,],[,],[,],[,],[,],[,],[,],[,],[,],[,]]$

Nov $3$ Eagles Company returns $$1,000$ of merchandise purchased on November $1.$

$\backslash$table$[[$Nov $9,],[$Nov $9,$Eagles Company pays balance in full from November $1$ purchase.$],[,],[,],[,],[,],[,],[,],[,],[,],[,],[$Nov $20,$Determines that the account of the Rabbit Company is uncollectible and writes it off.$],[,$The balance is $$3,700.]]$