Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help I System Announcements CALCULATOR PRINTER VERSION 4 ВАСК NEX Exercise 9-04 a-f (Part Level...


Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College<br>Help I System Announcements<br>CALCULATOR<br>PRINTER VERSION<br>4 ВАСК<br>NEX<br>Exercise 9-04 a-f (Part Level Submission)<br>At the beginning of the current period, Cheyenne had balances in Accounts Receivable of $286,000 and in Allowance for Doubtful Accounts of $9,900 (credit). During the period,<br>had net credit sales of $890,000 and collections of $845,500. It wrote off as uncollectible accounts receivable of $6,000. However, a $4,000 account previously written off as<br>uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,800 at the end of the period. (Omit cost of goods sold entries.<br>(a - d)<br>(a) Prepare the entries to record sales and collections during the period.<br>(b) Prepare the entry to record the write-off of uncollectible accounts during the period.<br>(c) Prepare the entries to record the recovery of the uncollectible account during the period.<br>(d) Prepare the entry to record bad debt expense for the period.<br>(Credit account titles are automatically indented when amount is entered. Do not indent manually.)<br>Debit<br>Credit<br>No. Account Titles and Explanation<br>(a)<br>(To record sales)<br>(To record cash collected during the period)<br>(b)<br>(c)<br>(To reinstate account previously written off)<br>X P<br>DOCK<br>山<br>átv<br>APR<br>28<br>

Extracted text: Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help I System Announcements CALCULATOR PRINTER VERSION 4 ВАСК NEX Exercise 9-04 a-f (Part Level Submission) At the beginning of the current period, Cheyenne had balances in Accounts Receivable of $286,000 and in Allowance for Doubtful Accounts of $9,900 (credit). During the period, had net credit sales of $890,000 and collections of $845,500. It wrote off as uncollectible accounts receivable of $6,000. However, a $4,000 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,800 at the end of the period. (Omit cost of goods sold entries. (a - d) (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the period. (d) Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation (a) (To record sales) (To record cash collected during the period) (b) (c) (To reinstate account previously written off) X P DOCK 山 átv APR 28

Jun 10, 2022
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