Question: help 3 Lee Co has requested that you prepare journal entries from the following this company uses the Allowance for Doubtful Accounts method based on




Lee Co has requested that you prepare journal entries from the following this company uses the Allowance for Doubtful Accounts method based on the income statement approach) Click the loon to view the transactions.) Record debits first, then credits Exclude explanations from ournal entries) More Info December 31, 2015. Recorded Bad Debts Expense of $15,000 Journal Entry Date Accounts PR Debit Credit 2015 Dec. 31 Recorded Bad Debts Expense of $15,000 2015 2016 Dec Jan 7 Wrote of Gene Schroeder's account of $1,100 as uncollectie Mar 5 Wrole off Paul Jurger's account of 5900 as uncollectible Accounts Receivable-Bob Shifter July & Recovered $250 from Paul Jurgen Accounts Receivable -Gece Schroeder Aug 19 Wrobe off Bob Shiffer's account of $1.000 uncollectie Accounts Receivable J Noonan Aug 24 Wrote of Noonan's account of $750 as collectible Nov. 10 Recovered $500 from Bob Shiffe January 7, 2016 Accounts Receivable - Paul Jurgen O as uncollectible Alone for Doubtful Accounts Bad Debts Expert Done Date PR Debit Credit Cash 2016 Print 7 Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) December 31, 2015: Recorded Bad Debts Expense of $15,000. Journal Entry Date Accounts PR Debit Credit 2015 Dec. 31 January 7, 2016: Wrote off Gene Schroeder's account of $1,100 as uncollectible. Journal Entry Date Accounts PR Debit Credit 2016 Jan 7 March 5. 2016: Wrote off Paul Jurgen's account of $900 as uncollectible. Journal Entry Date Accounts PR Debit Credit 2016 Mar 5 Choose from any list or enter any number in the input fields and then continue to the next question Lee Co. has requested that you prepare journal entries from the following this company uses the Allowance (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) July 8, 2016: Recovered $250 from Paul Jurgen. Prepare the entry to reinstate the account. Journal Entry Date Accounts PR Debit Credit 2016 July 8 July 8, 2016: Recovered $250 from Paul Jurgen. Prepare the entry to record the collection. Journal Entry Date Accounts PR Debit Credit 2016 July 8 yung company uses the Allowance for Dout Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from journal entries.) August 19, 2016: Wrote off Bob Shiffer's account of $1,000 as uncollectible. Journal Entry Date Accounts PR Debit Credit 2016 Aug. 19 August 24, 2016: Wrote off Jill Noonan's account of $750 as uncollectible. Journal Entry Date Accounts PR Debit Credit 2016 Aug 24 November 19, 2016: Recovered $500 from Bob Shiffer. Prepare the entry to reinstate the account. November 19, 2016: Recovered $500 from Bob Shiffer. Prepare the entry to reinstate the account Journal Entry Date Accounts PR Debit Credit 2016 Nov. 19 November 19, 2016: Recovered $500 from Bob Shiffer. Prepare the entry to record the collection Journal Entry Date Accounts PR Debit Credit 2016 Nov. 19 Choose from any list or enter any number in the input fields and then continue to the next
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
