Question: Using your knowledge of receivables transactions, determine the missing amounts. Ignore any inventory, cost of goods sold, and refund liabilities for the purposes of this

Using your knowledge of receivables transactions, determine the missing amounts. Ignore any inventory, cost of goods sold, and refund liabilities for the purposes of this question. (Hint: You may find it helpful to reconstruct the journal entries.)

Accounts Receivable
Beg. bal. 15,400 35,900
(a) enter a debit amount (b) enter a credit amount
End. bal. (c) enter a debit balance
Sale
46,100
Allowance for Doubtful Accounts
Beg. bal. 1,065
600 (d) enter a credit amount
End. bal. (e) enter a credit balance
Bad Debt Expense
(d) enter a debit amount

eTextbook and Media

Assistance Used

List of Accounts

Question Part Score

10/10

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Your answer is correct.

Prepare the summary journal entries for Sunland Company. (Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation Debit Credit
enter an account title to record sales on account for the year enter a debit amount enter a credit amount
enter an account title to record sales on account for the year enter a debit amount enter a credit amount
(To record sales on account for the year.)
enter an account title to record write off of accounts receivable enter a debit amount enter a credit amount
enter an account title to record write off of accounts receivable enter a debit amount enter a credit amount
(To record write off of accounts receivable.)
enter an account title to record estimate of uncollectible accounts enter a debit amount enter a credit amount
enter an account title to record estimate of uncollectible accounts enter a debit amount enter a credit amount
(To record estimate of uncollectible accounts.)

eTextbook and Media

Assistance Used

  • eTextbook

List of Accounts

Question Part Score

6/6

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What is the amount of cash co

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