General Ledger Accounts Receivable 7,e00 ???? Dec. 31/19 Balance 158,500 Jan. 4/20 Collections in 2020 July 15/20 Credit sales in 2020 ???? 14,000 Dec. 31/2e Balance ???? Allowance for Doubtful Accounts July 15/20 14,e0e 200 Dec. 31/19 Balance Dec. 31/20 2??? Dec. 31/20 Balance Accounts Receivable Subledger JenStar Conpany 48,000 Dec. 31/19 Balance Nov. 15/26 ???? 48,e00 Jan. 20/20 Dec. 31/20 Balance 184,80e Indigo Developments Dec. 31/19 Balance Mar. 1/20 Nov. 28/20 Dec. 2/20 -e- 17,00e 39,000 4,000 43,0ee 17,800 Mar. 20/20 Dec. 31/20 Balance Lomas Industries Dec. 31/19 Balance 2??? 7,e0e 22?? 52,e00 Jan. 4/20 Jan. 7/20 Apr. 21/20 Dec. 7/20 52,000 21,000 May 5/20 Dec. 31/20 Balance 21,008 PDO Servicing 14,80e Dec. 31/19 Balance 14,800 July 15/20 Dec. 31/20 Balance During the year 2020, there were no recoverles of accounts previously written off. Only one account, that of PDQ Servicing, was Identified as belng uncollectible on July 15, 2020. On January 4, 2020, Farthington Issued a $7.000 credit memo to Lomas Industries regarding damaged goods returned.
General Ledger Accounts Receivable 7,e00 ???? Dec. 31/19 Balance 158,500 Jan. 4/20 Collections in 2020 July 15/20 Credit sales in 2020 ???? 14,000 Dec. 31/2e Balance ???? Allowance for Doubtful Accounts July 15/20 14,e0e 200 Dec. 31/19 Balance Dec. 31/20 2??? Dec. 31/20 Balance Accounts Receivable Subledger JenStar Conpany 48,000 Dec. 31/19 Balance Nov. 15/26 ???? 48,e00 Jan. 20/20 Dec. 31/20 Balance 184,80e Indigo Developments Dec. 31/19 Balance Mar. 1/20 Nov. 28/20 Dec. 2/20 -e- 17,00e 39,000 4,000 43,0ee 17,800 Mar. 20/20 Dec. 31/20 Balance Lomas Industries Dec. 31/19 Balance 2??? 7,e0e 22?? 52,e00 Jan. 4/20 Jan. 7/20 Apr. 21/20 Dec. 7/20 52,000 21,000 May 5/20 Dec. 31/20 Balance 21,008 PDO Servicing 14,80e Dec. 31/19 Balance 14,800 July 15/20 Dec. 31/20 Balance During the year 2020, there were no recoverles of accounts previously written off. Only one account, that of PDQ Servicing, was Identified as belng uncollectible on July 15, 2020. On January 4, 2020, Farthington Issued a $7.000 credit memo to Lomas Industries regarding damaged goods returned.
Chapter1: Financial Statements And Business Decisions
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