Journalize the October transactions (Credit account titles are automatically indented when amount is entered. Do not indentmanually no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the apresented in the problem List all debit entries before credit entries)DateAccount TitlesTa recard the rent expense)Ta recard the salaris expere)DebitICredit Clark Ca's ledger is as follows:Oct 1 1,290 Oct 3500Oct10Cash15 2,8402185025 1,550Oct 4Accounts Receivable20 ୨୨୦6 1,070 Oct 21 8.50Supplies870EquipmentOct 3 5,350Notes PayableOctOct 12 400 Oct12Accounts PayableOct 30 53030 5303128031 590A. Clark, CapitalOct 28 350A. Clark, DrawingsOct 31 2803 5,02028Service RevenueOctOct 31 590330400Oct 1 1,28025 1,550Advertising ExpenseRent Expense870Salaries Expene|3506 1,0701015 2,94020500890

Journal entries are those which are recorded for every transaction which takes place during the…

Clark Ca's ledger is as follows: Oct 1 1,290 Oct 3 330 500 Oct 10 Cash 15 2,840 21 850 25 1,550 Oct 4 20 ୨୨୦ Accounts Receivable Supplies 6 1,070 Oct 21 870 Equipment Oct 3 5,350 12 400 Notes Payable Oct Oct 30 530 30 530 31 Oct 28 350 31 590 Accounts Payable Oct 12 400 Oct 4 870 A. Clark, Capital Oct 31 280 A. Clark, Drawings Oct Oct 31 590 Service Revenue Salaries Exper | 28 3 5,020 Oct 1 1,280 25 1,550 280 Advertising Expense Rent Expense 10 8.50 20 6 1,070 350 15 2,940 500 890

Clark Ca's ledger is as follows: Oct 1 1,290 Oct 3 330 500 Oct 10 Cash 15 2,840 21 850 25 1,550 Oct 4 20 ୨୨୦ Accounts Receivable Supplies 6 1,070 Oct 21 870 Equipment Oct 3 5,350 12 400 Notes Payable Oct Oct 30 530 30 530 31 Oct 28 350 31 590 Accounts Payable Oct 12 400 Oct 4 870 A. Clark, Capital Oct 31 280 A. Clark, Drawings Oct Oct 31 590 Service Revenue Salaries Exper | 28 3 5,020 Oct 1 1,280 25 1,550 280 Advertising Expense Rent Expense 10 8.50 20 6 1,070 350 15 2,940 500 890

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 4.9C

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What are the estimated accounts receivable collections for May? A. P 85,100 B. P 87,100 C. P 88,100 D. P 89,820
Reproduced below from Farthington Supply’s accounting records is the accounts receivable subledger along with selected general ledger accounts. General Ledger Accounts Receivable Dec. 31/19 Balance 161,000 7,050 Jan. 4/20 Credit sales in 2020 ???? ???? Collections in 2020 14,500 July 15/20 Dec. 31/20 Balance ???? Allowance for Doubtful Accounts July 15/20 14,250 250 Dec. 31/19 Balance ???? Dec. 31/20 ???? Dec. 31/20 Balance Accounts Receivable Subledger JenStar Company Dec. 31/19 Balance 49,000 Nov. 15/20 ???? 49,000 Jan. 20/20 Dec. 31/20 Balance 106,500 Indigo Developments Dec. 31/19 Balance -0- Mar. 1/20 17,500 17,500 Mar. 20/20 Nov. 28/20 40,500 Dec. 2/20 4,250 Dec. 31/20 Balance 44,750 Lomas Industries Dec. 31/19 Balance ???? 7,050 Jan. 4/20 ???? Jan. 7/20 Apr. 21/20 53,500 53,500 May 5/20 Dec. 7/20 23,500 Dec. 31/20 Balance 23,500…
Reproduced below from Farthington Supply’s accounting records is the accounts receivable subledger along with selected general ledger accounts. General Ledger Accounts Receivable Dec. 31/19 Balance 161,000 7,050 Jan. 4/20 Credit sales in 2020 ???? ???? Collections in 2020 14,500 July 15/20 Dec. 31/20 Balance ???? Allowance for Doubtful Accounts July 15/20 14,250 250 Dec. 31/19 Balance ???? Dec. 31/20 ???? Dec. 31/20 Balance Accounts Receivable Subledger JenStar Company Dec. 31/19 Balance 49,000 Nov. 15/20 ???? 49,000 Jan. 20/20 Dec. 31/20 Balance 106,500 Indigo Developments Dec. 31/19 Balance -0- Mar. 1/20 17,500 17,500 Mar. 20/20 Nov. 28/20 40,500 Dec. 2/20 4,250 Dec. 31/20 Balance 44,750 Lomas Industries Dec. 31/19 Balance ???? 7,050 Jan. 4/20 ???? Jan. 7/20 Apr. 21/20 53,500 53,500 May 5/20 Dec. 7/20 23,500 Dec. 31/20 Balance 23,500…
Reproduced below from Farthington Supply’s accounting records is the accounts receivable subledger along with selected general ledger accounts. General Ledger Accounts Receivable Dec. 31/19 Balance 161,000 7,050 Jan. 4/20 Credit sales in 2020 ???? ???? Collections in 2020 14,500 July 15/20 Dec. 31/20 Balance ???? Allowance for Doubtful Accounts July 15/20 14,250 250 Dec. 31/19 Balance ???? Dec. 31/20 ???? Dec. 31/20 Balance Accounts Receivable Subledger JenStar Company Dec. 31/19 Balance 49,000 Nov. 15/20 ???? 49,000 Jan. 20/20 Dec. 31/20 Balance 106,500 Indigo Developments Dec. 31/19 Balance -0- Mar. 1/20 17,500 17,500 Mar. 20/20 Nov. 28/20 40,500 Dec. 2/20 4,250 Dec. 31/20 Balance 44,750 Lomas Industries Dec. 31/19 Balance ???? 7,050 Jan. 4/20 ???? Jan. 7/20 Apr. 21/20 53,500 53,500 May 5/20 Dec. 7/20 23,500 Dec. 31/20 Balance 23,500…
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