CH. 8 HW- Q #2

Chapter 8 - Homework Assignment Book Show Me How for the other off and wante Method The geted transactions were taken from the records of Rustic Tables Company for the year ending December 31 Wrote of account of thy Quant, 58.440 Aug. 14 Heceived 83.000 as partial payment on the 512,500 account of Rowie Oakes. Wrote of the remaining balance as uncollectible O. 16 Teceived the $8.440 from Katty Quartel, whose account had been written off on June 8. Reinstated the account and recorded the cash Dec wrote the following accounts as uncollectible (record at one pour entry Wade Dolan 54,600 Greg Gage 3.600 Amberk 7.150 Shannon Poole 2,975 SCH 6,630 Dec 31 reca,record the year and adjusting entry for neste account o entry and select a entry and leave the amount Dones on an amount box does not require an entre lank Jomas under the direct we off mathed un . ARCAS Lackout 1 . Aug. 14 . lad Debt Expert Accounts Receivable-lesali Oakes wmv Pris Chem Seurand Ext Submit Agent for Gradine Q A 3 2 4 5 6 7 8 9 0 Les Accounting on Al 302200 Cengage 2 Online Saching and its from Cage Lang Chapter 8 - Homework Assignment eBook Show Me How Journalte the transactions under the direct write-off method June Dad Debt Expense ov Accounts Receivable-KathQuantel 8.400 8440 Aug. 14 Cash 2,00 9.00 Bad Debt Expense Accounts Receivable-Rosal Oakes . >>> Oct 16-reinstate Accounts Receivable-Kathy Quantel Bad Debt Expanse *40 K440 Oct 16-collection Cash Accounts Receivable-Kathy Quantel 8440 14.15 400 . Dec 31 write-oft Bad Bebrense Accounts Receivable-Wade Dolan Accounts Receivable-Gras Gagne Accounts Receivable-Amber Kisho Accounts Receivable Shannon Poole Accounts Receivable Nikpance . . 2015 . 6430 Dec 31 justing No entry Nexentry My Work Previous Net Asiant Score All work ved Email art Save and Ear Submitment Chapter 3 - Homework Assignment look Show Me How Soumaise the transactions under the allowance method, assuming that the allowance account had a beginning balance of $36,000 at the beginning of the year and the company uses the analyse method, Ribe Tobies Company prepared the following aging schedule for its accounts receivable Aging Class (Number of Days Past Due) 0-30 day's Receivables Balance on December 31 $320,000 110,000 24,000 18,000 Estimated Percent of Uncollectible Accounts 14 3 10 31-60 days 61-90 days 91-120 days More than 120 days Total receivables 33 43,000 75 $515,000 June 8 Allowance for Doubtful Accounts Accounts Receivable-Kathy Quantel 47 Aug. 14 Cash 000 . Allowance for Doubtful Accounts Accounts Receivable-Rosalie Onkes 13.500 5.440 Oct 16-reinstate Accounts Receivable Kathy Quantel Allowance for Doubtful Accounts 8,47 R44 Oct, 16-collection Canh Accounts Receivable-Kathy Quante! . Dec 31 write-off Allowance for bout Accounts 345 Check My Work Previous Next Assignment 9% All work savo Emain Sun Antara Undang Nomor Chapter 8 - Homework Assignment Book Show Me How Allowance for Doubtful Accounts Accounts Receivable-Rosalie Onkes 12.500 1,400 Oct 16-reinstate Accounts Receivable-Kathy Quante! Allowance for Doubtful Accounts . 2.400 Oct. 16-collection Cash Accounts Receivable-Kathy Quantel 2.400 24,955 ol 100 Dec 31-write-off Allowance for Doubtful Accounts Accounts Receivable-Wade Dolan Accounts Receivable-Greg Gagne Accounts Receivable Amber Kisko Accounts Receivable-Shannon Ponta Accounts Receivable Nike Spence | >>>> 7.10 2,999 6630 Dec. i-adjusting flad Debt Expense Allowance for Doubtful Accounts c. How much higher (lower) would Rustic Tables' net income have been under the direct write-off method than under the allowance method? by Odk Hy work Previous Ne Assignment con All work saved hurt | Save and all Sunt sig