Question: View Policies -/20 : Current Attempt in Progress At December 31, 2021, the general ledger and subsidiary ledger for Albert's, a small auto parts store,
View Policies -/20 : Current Attempt in Progress At December 31, 2021, the general ledger and subsidiary ledger for Albert's, a small auto parts store, showed the following: Accounts Receivable General Ledger Subsidiary Ledger Accounts receivable $72,500 Best Auto Repair $3,900 Allowance for doubtful accounts 4,100 Brown's Repair 21,100 Custom Repair 0 Jen's Auto Body 34,300 Luxury Autos 13.200 Total $72,500 Jan. 3 Brown's Repair paid $16,300 on its account. 4 Custom Repair paid $1,500 on its account that had previously been written off. 8 Jen's Auto Body purchased $3,500 of merchandise on account. 99+ a (DOLL 9 C ENG US Question 1 of 2 -/20 : Luxury AuLOS 19,200 Total $72,500 Jan. 3 Brown's Repair paid $16,300 on its account. 4 Custom Repair paid $1,500 on its account that had previously been written off. 8 Jen's Auto Body purchased $3,500 of merchandise on account. 9 Antique Auto Repair paid cash for $1,500 of merchandise. 18 Jen's Auto Body returned $700 of the merchandise it purchased on Jan. 8. 19 Luxury Autos paid $13,200 on its account. 20 Jen's Auto Body paid $26,500 on its account. 23 Brown's Repair purchased $5,300 on account. 25 Custom Repair purchased $9,000 of merchandise on Visa. 26 Luxury Autos purchased $16,300 of merchandise on account. 31 Albert's determined that the Best Auto Repair account receivable was not collectible. (a) -/20: Record the above transactions. Ignore credit card fees and any inventory, cost of goods sold, and refund liability for the purposes of this question. (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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (Collection on account.) (To reverse write off.) Debit Credit (Collection on account.) (To reverse write off.) (To record collection of previously written off account.) (To record sales on account.) -/20 99+ ENG (To record sales on account.) (Cash sale.) (To record sales returns.) (Collection on account.) ENG 10:18 AM 99+ D (DOLL US 2022-07-21 (Collection on account.) (Collection on account.) (To record sale on account.) (To record sale using credit card.) ENG 10:18 AM 99+ (DELL) US 2022-07-21 Save for Later (To record sale on account.) (To record sale using credit card.) (To record sales on account.) < (To record write off of accounts receivable.) 99+ DELL -/20 Attempts: 0 of 1 used Submit Answer O > ENG US 20 10:19 AM 2022-07-21
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