uctionsApr.13.Wrote off account of Dean Sheppard, $8,290.May15.Received $420 as partial payment on the $7,220 account of Dan Pyle. Wrote off the remainingbalance as uncollectible.July27.Received $8,290 from Dean Sheppard, whose accour had been written off on April 13. Reinstatedthe account and recorded the cash receipt.Dec.31.Wrote off the following accounts as uncollectible (record as one journal entry).$2,280Paul Chapman3,535Duane DeRosa4,625Teresa Galloway1,095Ernie Klatt1,800Marty RicheyuO0orsan record the year-end adjusting entry for uncollectible accounts. InstructionsThe following selected transactions were taken from the records of Shipway Company for the first year of its operations ending December 31:Apri13Wrote off account of Dean Sheppard, $8,290.May15Received $420 as partial payment on the $7,220 account of Dan Pyle. Wrote off the remainingbalance as uncollectible.July27,Received $8,290 from Dean Sheppard, whose account had been written off on April 13. Reinstatedthe accountand recorded the cash recelptDec.31.Wrote off the following accounts as uncollectible (record as one journal entry):Paul Chapman$2,280Duane DeRosa3,5354,625Teresa Galloway1,095Emie Klatt

The accounts receivable and accounts write off entry should be recorded using the two methods.…

Apr. 13. Wrote off account of Dean Sheppard, $8,290. May Received $420 as partial payment on the $7,220 account of Dan Pyle. Wrote off the remaining 15. balance as uncollectible. July 27. Received $8,290 from Dean Sheppard, whose accour had been written off on April 13. Reinstated the account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): $2,280 Paul Chapman 3,535 Duane DeRosa 4,625 Teresa Galloway 1,095 Ernie Klatt 1,800 Marty Richey uuting entry for uncollectible accounts.

Apr. 13. Wrote off account of Dean Sheppard, $8,290. May Received $420 as partial payment on the $7,220 account of Dan Pyle. Wrote off the remaining 15. balance as uncollectible. July 27. Received $8,290 from Dean Sheppard, whose accour had been written off on April 13. Reinstated the account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): $2,280 Paul Chapman 3,535 Duane DeRosa 4,625 Teresa Galloway 1,095 Ernie Klatt 1,800 Marty Richey uuting entry for uncollectible accounts.

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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