ent PRINTER VERSION BACK For the month of August 2018, the following journal entries were prepared by the accountant for Kape Stade Ltd. Identify the most probable reason of the journal entry from the drop down list. Reason a. Aug 2 Journal Entry Accounts Receivable Sales 4,200 4,200 b. Aug 5 1,125 Inventory Cost of Goods Sold 1,125 To record payment on account by customer within discount period To record estimate of uncollectible accounts To record payment on account by customer To record reversal of write off of uncollectible account To record the cost of merchandise returned To record sale of merchandise on credit To record write off of uncollectible account C. Aug 8 125 Allowance for Doubtful Accounts Accounts Receivable 125 d. Aug 19 175 Accounts Receivable Allowance for Doubtful Accounts 175 e. Aug 23 1,425 Cash Accounts Receivable 1,425 355 f. Aug 31 Cash Sales Discounts Accounts Receivable 30 385 425 g. Aug 31 Bad Debts Expense Allowance for Doubtful Accounts 425 d) ENG 1:35 PM 2020-08-1 PRINTER VERSION Practice Objective 8-3 For the month of August 2018, the following journal entries were prepared by the accountant for Kape Stade Ltd. Identify the most probable reason of the journal entry from the drop down list. Reason a. Aug 2 Journal Entry Accounts Receivable Sales 4,200 4,200 b. Aug 5 1,125 Inventory Cost of Goods Sold 1,125 C. Aug 8 125 Allowance for Doubtful Accounts Accounts Receivable 125 d. Aug 19 175 Accounts Receivable Allowance for Doubtful Accounts 175 e. Aug 23 Cash 1,425 Accounts Receivable 1,425 f. Aug 31 355 Cash Sales Discounts Accounts Receivable 30 385 9. Aug 31 425 Bad Debts Expense Allowance for Doubtful Accounts 425