Hello!! Could you help my assaingment! I am international student... ACC111 P8-32A Regents supply completed the following transactions during 2008 and 2009 2008 Dec 31 Estimated that Uncollectible accounts expense fpr the year was 3/4 of 1% on credit sales of $400,000 and recorded that amount. 31 Made the closing entry for Uncollectible accounts Expense 2009 Jan 17 Sold inventory to abe Gomez, $600 on account. Ignore cost of goods sold June 29 Wrote off the Abe Gomez account as uncollectible after repeated dfforts to collect from him Aug 6 Received $200 from Abe Gomez, along with a letter stating his intention to pay within 30days. Reinstated his account in full Sept 4 Teceived the balance due from Abe Gomez Dec 31 Made a compound entry to write off the following accounts as uncollectible: Bernard Clark, $700: marie Montrose, $300; and Terry Forman, $600 Dec 31 Estimated that Uncollectible Accounts Expense for the year was 2/3 of 1% on credit sales of $480,000 and recorded that amount as expense Dec 31 Made the closing entry for Uncollectible Accounts expense. Requirements 1. Open ledger accounts for allowance for Uncollectible accounts and uncollectible accounts expense. These accounts have beginning balances of $0 2. Record the transactions in the journal and post to the two ledger accounts; remember to update the account balanceds but ignore posting references 3. The December 31 2009, balance of accounts receivable would be reported on the balance sheet at that date. Please help me my assaigment!,Hello!! Michaell! I am not sure how I can using this site. I hope you will have my answers. Thank you Just let me know when you done.,Hello! Sir! Im just wondering when I get the answer... and I wish you can answer the question on my attach file Thank you and sorry sir!
Paper#6621 | Written in 18-Jul-2015Price : $25