Journalize these transactions for Dan's Dependable Delivery. Then post to the partial ledger in Part $2.$

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FYI: Burgundy transactions are notes receivable transactions and black transactions are bad debt transactions. Journalizing is done in chronological order.

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$15-$Oct

Receive $$800$ cash from Jazz Jones, a client, and invoiced the remainder $$1,300,$ due in $30$ days. This is a service business. The revenue account is service revenue.

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$30-$Oct

Write off three long overdue accounts receivable from on account clients: Kathy Carmichael $$500,$ Carl Canover $$1,000$ and

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Daisy Williams $$300.$ You use the GAAP compliant allowance method to write off accounts.

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$1-$Nov

Received a one month $$3,000(6\%$APR$)$ note receivable from Colin Arnolds, an accounts receivable client.

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$14-$Nov

Receive the amount due on account from client, Jazz Jones $($October $15$ sale$)$

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$1-$Dec

Collect payment from Colin Arnolds for the maturity value of the November $1$ note receivable.

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$13-$Dec

Receive a $120$ day $$5,000(8\%$ APR$)$ note receivable on account from Allied Amusement for the sale of travel services.

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$15-$Dec

Receive $$300$ from client Daisy Williams. This account was written off on October $30.$ Make a journal entry to

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reinstate the account and a journal entry to record the $$300$ cash payment.

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$31-$Dec

The fiscal year ends. Make the journal entry for accrued interest on the December $13$ note receivable from Allied Amusement.

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$31-$Dec

Post the journal entries to the t$-$accounts below and find the balances. $($HINT: This is not a journal entry$)$

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$31-$Dec

You complete an aging of accounts receivable and estimate $$9,000$ will be uncollectable in the following year. Journalize the

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adjusting entry. HINT: t$-$account balances must be calculated before you make this entry.

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$31-$Dec

What if you estimate the uncollectable accounts based on credit sales instead of aging of accounts receivable. Given the following

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information journalize this adjusting entry. During the year there was $$500,000$ in credit sales. Based on the previous years, the

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uncollectable amount is $2\%$ of credit sales. Record this entry, but DO NOT post it to the t$-$accounts.

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$($NOTE: In the business world, you would make only one of these last two transactions, not both.$)$

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$2.$ Post to these ledger accounts