June 2 Received $11,500 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as uncollctible. 1. EX 08 01 Oct. 23 Reinstated the account of Dr. Kyle Norby that had been written off on Aune 2 and recelved s34,300 cash in full payment. 2 EX 08 02 ALGO If an amount box does not require an entry, leave it blank. Accounts Receivable Dr. Kyle Norby 3. EX O8 03 ALGO Jan. 19-sale 4. EX 08 04 ALGO Sales 5. EX 08 06 ALGO Cost of Goods Sold Jan. 19-cost 6. EX 08 07 Inventory EX 08 20 ALGO June 2 Cash Bad Debt Expense Accounts Receivable Dr. Kyle Norby 8. PRO8.02A BLANKSHEET Oct. 23-reinstate Accounts Receivable Dr. Kyle Norby Bad Debt Expense Oct. 23-collection Cash Allowance for Doubtful Accounts (Previous Next Check Hy Work Progress: a/a items II II III II 00 I0 I0 III II II
June 2 Received $11,500 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as uncollctible. 1. EX 08 01 Oct. 23 Reinstated the account of Dr. Kyle Norby that had been written off on Aune 2 and recelved s34,300 cash in full payment. 2 EX 08 02 ALGO If an amount box does not require an entry, leave it blank. Accounts Receivable Dr. Kyle Norby 3. EX O8 03 ALGO Jan. 19-sale 4. EX 08 04 ALGO Sales 5. EX 08 06 ALGO Cost of Goods Sold Jan. 19-cost 6. EX 08 07 Inventory EX 08 20 ALGO June 2 Cash Bad Debt Expense Accounts Receivable Dr. Kyle Norby 8. PRO8.02A BLANKSHEET Oct. 23-reinstate Accounts Receivable Dr. Kyle Norby Bad Debt Expense Oct. 23-collection Cash Allowance for Doubtful Accounts (Previous Next Check Hy Work Progress: a/a items II II III II 00 I0 I0 III II II
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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