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  • Solution

    Încărcat de

    Gopi Kishan Kanodia
    8 vizualizări1 pagină
    Solution to the direct written off and through Doubtful debt

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    Solution to the direct written off and through Doubtful debt

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    8 vizualizări1 pagină

    Solution

    Încărcat de

    Gopi Kishan Kanodia
    Solution to the direct written off and through Doubtful debt

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    1 Date Accounts & Explantion Debit Credit

    Aug Cash $5,200


    Accounts Receivable $44,000
    Sales Revenue $49,200
    (To record sales for the month)

    Aug Cash $26,500


    Accounts Receivable $26,500
    (To record collected cash on account)

    Aug Bad Debts Expense $1,480


    Accounts Receivable $1,480
    (To record Wrote off uncollectible accounts)

    Aug Accounts Receivable $1,000


    Bad Debts Expense $1,000
    (To record reinstated previously written off account)

    2 Date Accounts & Explantion Debit Credit


    Aug Cash $5,200
    Accounts Receivable $44,000
    Sales Revenue $49,200
    (To record sales for the month)

    Aug Cash $26,500


    Accounts Receivable $26,500
    (To record collected cash on account)

    Aug Allowance for Bad Debts $1,480


    Accounts Receivable $1,480
    (To record Wrote off uncollectible accounts)

    Aug Accounts Receivable $1,000


    Allowance for Bad Debts $1,000
    (To record reinstated previously written off account)

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