Presented below is the trial balance of H.T Herbert Company for the year ended Dec. 31, 2020. H.T HERBERT COMPANY Trial Balance December 31, 2020 ACCOUNTS DR CR Cash $ 12,500.00 Account Receivable 20,000.00 Allowance for doubtful accounts 250.00 Notes Receivable 2,500.00 Unexpired Insurance Office Supplies on Hand Building Accumulated depreciation-Building 1,500.00 1,000.00 40,000.00 20,000.00 Equipement 15,000.00 Accumulated depreciation-Equipment Account Payable H.T. Herbert, Capital 10,000,00 5,000.00 20,000,00 H.T. Herbert, Drawing 9,000.00 Service Revenue 80,000.00 Salaries and Wages Expense Advertising Expense Utilities Expense Miscellaneous Expense 30,000.00 1,400.00 2,000.00 350.00 $ 135,250.00 $ 135,250.00 Data for adjustment 1. The allowance for doubtful accounts should be increased by 2 percent of year-end accounts receivable. 2. Accrued interest on notes receivable is $152. 3. Insurance expense for the year is $1,240. 4. A physical inventory shows that office supplies costing $273 are on hand at December 31, 2020. 5. The building is depreciated at the rate of 1o.5 percent per year. 6. The equipment is depreciated at the rate of 8 1/5 percent per year. 7. Accrued salaries and wages are $2,000. Requirements: A. Adjusting Entries B. Worksheet Cc. Income Statement (Report Format) D. Balance Sheet (Report Format)

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January 2020 the following trial balance was extracted from the books of Yusiti Credit RM Particulars Debit RM Capital 1 February 2019 Vehicles at cost 101,430 Equipment at cost Purchases and sales 35,000 80,000 284,680 503,520 Provision for depreciation at 1 February 2019: Vehicles 21,000 35,000 650 Equipment Return inward and return outwards 1,340 Finance expenses Stock at 1 February 2019 Vehicles expenses Rent, rates and insurance Office expenses Drawings Petty cash Wages and salaries Bad debts Debtors and creditors Cash at bank 1,220 25,570 4,930 7,420 21,940 23,550 200 95,370 1,240 83,210 14,880 680,550 680,550 18,950 ТОTAL dditional information as at 31 January 2020: RM No. Particulars i. Stock valued at Insurance prepaid iii. Goods taken from stock for own use iv. Wages due Provision for doubtful debt required vj. Provision for depreciation is to be provided as follows: 29,750 C 340 i. 420 2,4009 620 C V. 30% straight line method reducing balance method Vehicles 25% Equipment

Bayley Company has the following trial balance below at December 31, 2020.  All accounts have normal balances.  Account Balance Cash $460,000 Accounts receivable (net of the Allowance for Doubtful Accounts) 352,000 Inventory at the lower of FIFO cost and net realizable value 451,000 Trading Investments 230,000 Buildings (net of accumulated depreciation) 740,000 Equipment (net of accumulated depreciation) 240,000 Land held for Future Use 305,000 Goodwill 89,000 Notes Receivable (due 2025) 91,000 Prepaid Insurance 16,000 Accounts Payable 345,000 Guaranteed Investment Certificates 50,000 Notes Payable (due in 2021) 235,000 Bonds Payable at net carrying value (due February 1, 2021) 83,000 Rent Payable 55,000 Bonds Payable at net carrying value (due December 31, 2028) 746,000 Common shares, unlimited number of shares authorized 400,000 Contributed surplus 190,000 Retained…

FDN Company reported Accounts Receivable of P10,000,000 on December 31, 2021. Allowance for Doubtful Accounts was P1,000,000 on January 1, 2021. The following information is provided pertaining to the company's aging analysis. Time outstanding Accounts receivable Percent uncollectible Under 90 days P7,200,000 5% 91 180 days 1,800,000 7% 181 360 days 1,000,000 50% How much should be reported as Allowance for Doubtful Accounts as of December 31, 2021?

2021 Dec 31 Recorded Bad Debt Expense of $15,500 2022 Apr 1 Wrote off J.Salazar account of $3500 as uncollectible 2022 June 4 Wrote off T.Savvy account of $4000 as uncollectible 2022 August 10 Recovered $1500 from T. Savvy   Required Journalize the transactions using the income statement approach to estimate bad debts. Journalize how Sloan Company would record the T Savvy bad debt situation if the direct write-off method had been used. Assume the bad debt was recovered on August 10, 2023.

Journal adjusting entry for Office supplies on hand at 30 Sept is $6,050 incl. GST.