35.Close the revenue accounts.36.0.37.Close the expense accounts.Close the income summary account.Close the withdrawals account.78938.9091929394959619798199100101102103104

Answer information:Step 1:Introduction:Accounting is a language of business that provides the means…

Answered: 35. Close the revenue accounts. 36.0.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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please answer do not image.
background info: Green checkmark means that entry is correct, red is wrong. There is only supposed to be a total of 19 entries. look at 1 picture with the complete journal and adjust to fit the allowance method to go into the second table with green and red corrections. The first entry....you are removing the account so you have to remove the allowance and related receivable (2 parts) The second entry...you want to record the cash received, the removal of the allowance and related receivable (3 parts) The third entry...recording a credit sales (2 parts) The fourth entry...setting up receivable and the allowance (2 parts) The fifth entry...record collection of a previously recorded credit sale (2 parts) The sixth entry...record collection of a previously recorded credit sale (2 parts) The seventh entry...adjusting the allowance by reducing the allowance and reducing 5 customer receivable accounts (6 parts) 1. Finalize the journal entries shown on the Fan-Tastic Sports Gear Inc. panel…
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4G Vo) .l 1 14:45 u. LTÉ2 ? 7% O แบบฝึกหัดท้ายบท 3. ให้ทำ 1. บันทึกรายการค้าข้างต้นในสมุดรายวันของบริษัทมีนาและบริษัทเมษา(สมมติถือเป็นการกู้ยืม) 2. สมมติว่าบริษัทมีนาไม่นำเงินมาชำระเมื่อตั๋วครบกำหนด จึงทำให้ตั๋วเงินรับชาดความเชื่อถือ ธนาคารไทยจึงแจ้งให้ บริษัทเมษาทราบ โดยบริษัทเมษาต้องรับผิดชอบด้วยยอดเงินตามตั๋วเมื่อครบกำหนดบวกค่าธรรมเนียม 25 บาท ธนาคารจะหักจำนวนเงินดังกล่าวจากบัญชีเงินฝากของบริษัท ให้บันทึกในสมุตรายวันทั่วไปของบริษัทเมษาสำหรับ รายการตั๋วเงินรับขาดความเชื่อถือ da 7 (Aging Analysis of Accounts Receivable) Nana Company's a large department store located in a metropolitan area, has been experiencing difficulty in estimating its bad debts. The company has decided to prepare an aging schedule for its outstanding accounts receivable and estimate bad debts by the due dates of its receivables. This analysis discloses the following information: Balance Age of Receivable Estimated Percentage Uncollectible $193,000 Under 30 days 0.8% 114,000 30-60 days 2.0% 73,000 61-120 days…
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78.

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35. Close the revenue accounts. 36.0. 37. Close the expense accounts. Close the income summary account. Close the withdrawals account. 7 8 9 38. 90 91 92 93 94 95 96 197 98 199 100 101 102 103 104