methods the year ending December 31: June 8. Wrote off account of Kathy Quantel, $8,440. balance as uncollectible. 100 account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): Wade Dolan Greg Gagne Amber Kisko EX 8-14 Entries for bad debt expense under the direct write-off and allowance Aug. 14. Received $3,000 as partial payment on the $12,500 account of Rosalie Oakes. Wrote off the remaining Oct. 16. Received the $8,440 from Kathy Quantel, whose account had been written off on June 8. Reinstated the The following selected transactions were taken from the records of Rustic Tables Company 009't$ 009'E 7,150 Niki Spence Shannon Poole 2,975 6,630
methods the year ending December 31: June 8. Wrote off account of Kathy Quantel, $8,440. balance as uncollectible. 100 account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): Wade Dolan Greg Gagne Amber Kisko EX 8-14 Entries for bad debt expense under the direct write-off and allowance Aug. 14. Received $3,000 as partial payment on the $12,500 account of Rosalie Oakes. Wrote off the remaining Oct. 16. Received the $8,440 from Kathy Quantel, whose account had been written off on June 8. Reinstated the The following selected transactions were taken from the records of Rustic Tables Company 009't$ 009'E 7,150 Niki Spence Shannon Poole 2,975 6,630
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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