Date Account Explanations & Titles LF Dr Cr Cash 8% notes payables (To record funds borrowed) 43833 15000 15000 land cash To record cash paid for land) 13000 13000 -E13-D12 52000 cash Accounts receivables sales To record sales made) 215000 Cash Shares capital 4,000 x $1 To record shares issued) -4000*1 4000 Miscalaneous expenses Cash |Outstanding miscallaneous expenses 114000 -D20-E22 |20000 (To record miscallaneous expenses) Cash Accounts recievables (To record collection made) 34000 34000 Material Cash To record materal purchased) 15000 15000 27000 Purchases Accounts payables To record supplies purchased) 27000 |Accounts payables Bank To record payment made) 26000 26000 Bank Service contract liability To record contract made) 12000 12000 Dividend paid Bank To record dividend payment) 25000 25000 Retained eamings Dividend paid 25000 25000

On November 1, 2021, a firm issues a $10,000 6% 6-month note payable. Interest is paid with the maturity of the note. The firm performs adjusting entries each month. On April 30, when the note is repaid, the entry recorded: Decreases assets by $10,000 None are true Decreases both assets and liabilities $10,300 Includes an expense of $200 Includes an expense of $300

johnson company calculates its allowance for uncollectible accounts as 10% of its ending balance in gross accounts receivable. The allowance for uncollectable accounts had a credit balance of $12000 at the begining of 2024. no previously written off accounts recievable were reinstated during 2024. at 12/31/2024, gross accounts recievable totaled $200,100, and prior to recording the adjusting entry to recognize bad debt expenses for 2024, the allowance for uncollectable accounts had a debit balance of $22000. required 1. what was the balance in gross accounts recievable as of 12/31/2023? 2. what journal entry should johnson record to recognize bad debt expense for 2024? 3. assume johnson made no other adjustments of the allowance for uncollectable accounts during 2024. Determine the amount of accounts recievable written off during 2024. 4. if johnson instead used the direct write off method, what would bad debt expense be for 2024?