Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: Feb. 20 Received $1,000 from Andrew Warren and wrote off the remainder owed of $4,000 as uncollectible. May 10 Reinstated the account of Andrew Warren and received $4,000 cash in full payment. If an amount box does not require an entry, leave it blank. Feb. 20 Cash Cash Bad Debt Expense Bad Debt Expense Accounts Receivable-Andrew Warren Accounts Receivable-Andrew Warren May 10 Accounts Receivable-Andrew Warren Accounts Receivable-Andrew Warren Bad Debt Expense Bad Debt Expense May 10 Cash Cash Accounts Receivable-Andrew Warren Accounts Receivable-Andrew Warren

Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: Feb. 20 Received $1,000 from Andrew Warren and wrote off the remainder owed of $4,000 as uncollectible. May 10 Reinstated the account of Andrew Warren and received $4,000 cash in full payment. If an amount box does not require an entry, leave it blank. Feb. 20 Cash Cash Bad Debt Expense Bad Debt Expense Accounts Receivable-Andrew Warren Accounts Receivable-Andrew Warren May 10 Accounts Receivable-Andrew Warren Accounts Receivable-Andrew Warren Bad Debt Expense Bad Debt Expense May 10 Cash Cash Accounts Receivable-Andrew Warren Accounts Receivable-Andrew Warren

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

ChapterB: Bad Debts

Section: Chapter Questions

Problem 3P: Nillsons Nursery uses the direct write-off method for recording bad debts. Required Journalize the...

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Nillsons Nursery uses the direct write-off method for recording bad debts. Required Journalize the following selected entries: 2012 Apr. 10Write off the account of P. A. Seldon as uncollectible, 458. July 27Write off the account of J. M. Weller as uncollectible, 268. Check Figure Total amount debited to Bad Debts Expense 726
Direct write-off method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $2,200 from Shawn McNeely and wrote off the remainder owed of $4,970 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 Cash Bad Debt Expense Accounts Receivable-Shawn McNeely July 29: Reinstated the account of Shawn McNeely and received $4,970 cash in full payment. If an amount box does not require an entry, leave it blank. July 29 Accounts Receivable-Shawn McNeely Allowance for Doubtful Accounts July 29 ☐☐
Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables: Feb. 20 Received $1,000 from Andrew Warren and wrote off the remainder owed of $4,000 as uncollectible. May 10 Reinstated the account of Andrew Warren and received $4,000 cash in full payment.
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $3,190 from Paula Spitler and wrote off the remainder owed of $5,900 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 fill in the blank e83d81f48fed021_2 fill in the blank e83d81f48fed021_3 fill in the blank e83d81f48fed021_5 fill in the blank e83d81f48fed021_6 fill in the blank e83d81f48fed021_8 fill in the blank e83d81f48fed021_9 July 29: Reinstated the account of Paula Spitler and received $5,900 cash in full payment. July 29 fill in the blank cf28d0043fd3fb7_2 fill in the blank cf28d0043fd3fb7_3 fill in the blank cf28d0043fd3fb7_5 fill in the blank cf28d0043fd3fb7_6 July 29 fill in the blank cf28d0043fd3fb7_8 fill in the blank cf28d0043fd3fb7_9 fill in the blank cf28d0043fd3fb7_11 fill in the blank cf28d0043fd3fb7_12
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $1,140 from Elita Ramirez and wrote off the remainder owed of $2,570 as uncollectible. If an amount box does not reguire an entry, leave it blank. Oct. 2 Accounts Payable-Elita Ramirez lita Ramirez and received $2,570 cash in full payment. If an amount box does not require an entry, leave it blank. Accounts Receivable-Elita Ramirez Allowance for Doubtful Accounts Bad Debt Expense Cash
s
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,870 from Ian Kearns and wrote off the remainder owed of $2,960 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Cash Bad Debt Expense Accounts Receivable-Ian Kearns Dec. 20. Reinstated the account of Ian Kearns and received $2,960 cash in full payment. Reinstate Accounts Receivable-Ian Kearns Bad Debt Expense Collection Cash
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $3,240 from Keith MacPhearson and wrote off the remainder owed of $7,230 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20. Reinstated the account of Keith MacPhearson and received $7,230 cash in full payment. If an amount box does not require an entry, leave it blank. Reinstate Collection
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,730 from William Pruitt and wrote off the remainder owed of $5,650 as uncollectible. If an amount box does not reguire an entry, leave it blank. Oct. 2 Dec. 20: Reinstated the account of William Pruitt and received $5,650 cash in full payment. If an amount box does not require an entry, leave it blank. Dec. 20-Reinstate Dec. 20-Collection
Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $1,970 from Matthew Chapman and wrote off the remainder owed of $4,100 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20: Reinstated the account of Matthew Chapman and received $4,100 cash in full payment. Dec. 20-Reinstate Dec. 20-Collection
Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,890 from Paula Spitler and wrote off the remainder owed of $2,250 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20: Reinstated the account of Paula Spitler and received $2,250 cash in full payment. Dec. 20-Reinstate Dec. 20-Collection
Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,060 from Ian Kearns and wrote off the remainder owed of $2,310 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20: Reinstated the account of Ian Kearns and received $2,310 cash in full payment. If an amount box does not require an entry, leave it blank. Dec. 20-Reinstate Dec. 20-Collection

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Feb. 20	Received $1,000 from Andrew Warren and wrote off the remainder owed of $4,000 as uncollectible.
May 10	Reinstated the account of Andrew Warren and received $4,000 cash in full payment.

Feb. 20	Cash	Cash
	Bad Debt Expense	Bad Debt Expense
	Accounts Receivable-Andrew Warren	Accounts Receivable-Andrew Warren
May 10	Accounts Receivable-Andrew Warren	Accounts Receivable-Andrew Warren
	Bad Debt Expense	Bad Debt Expense
May 10	Cash	Cash
	Accounts Receivable-Andrew Warren	Accounts Receivable-Andrew Warren