Windsor Co. uses the net method to account for cash discounts. On June 1, 2025, it made sales of $56,400 with terms 4/15, n/45. On June 12, 2025, Windsor received full payment for the June 1 sale. Prepare the required journal entries for Windsor Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date June 1 June 12 Account Titles and Explanation Debit Credit

Restin Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $50,000 with terms 3/15, n/45. On June 12, 2020, Restin received full payment for the June 1 sale. Prepare the required journal entries for Restin Co.

1 . Prepare journal entries to record the following transactions entered into by Ivanhoe Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) 2020       June 1   Received a $8,600, 12%, 1-year note from Andrea Foley as full payment on her account.   Nov. 1   Sold merchandise on account to Patton, Inc. for $10,320, terms 2/10, n/30.   Nov. 5   Patton, Inc. returned merchandise worth $520   Nov. 9   Received payment in full from Patton, Inc.   Dec. 31   Accrued interest on Foley's note.   2021       June 1   Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2021.

Prepare journal entries to record the following transactions entered into by the Wildhorse Co.: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 2022       Nov. 1   Sold merchandise on account to Mercer, Inc., for $19,000, terms 2/10, n/30. Nov. 5   Mercer, Inc., returned merchandise worth $1,150. Nov. 9   Received payment in full from Mercer, Inc.   Date Account Titles and Explanation Debit Credit                                                            Nov. 1Nov. 5Nov. 9 Enter an account title to record sales on account on November 1 Enter a debit amount Enter a credit amount   Enter an account title to record sales on account on November 1 Enter a debit amount Enter a credit amount                                                            Nov. 1Nov. 5Nov. 9 Enter an account title to record merchandise…

Record the following transactions for Redeker Co. in the general journal.

Sheffield Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $55,000 with terms 4/15, n/45. On June 12, 2020, Sheffield received full payment for the June 1 sale.Prepare the required journal entries for Sheffield Co.

Please provide a narrative when doing questions 1-4. Thank you.

1

At the end of 2022, Cullumber Co. has accounts receivable of $717,900 and an allowance for doubtful accounts of $63,900. On January 24, 2023, the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $6,900. (a) Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (b) Account Titles and Explanation Allowance for Doubtful Accounts Accounts Receivable eTextbook and Media eTextbook List of Accounts Cash realizable value Debit Before Write-Off 6900 What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Credit After Write-Off 6900 Assistance Used Attempts: 1 of 1 used

A credit sale is made on July 10 for $800, terms 4/10, n/30. On July 12, $150 of goods are returned for credit. Give the journal entry on July 19 to record the receipt of the balance due within the discount period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 19 Debit Credit