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Posted: April 14th, 2024
Mod 6- Receivables Students Template Smith Company- December 31, 2014
Option #1- Mod 6- ReceivablesStudents TemplateSmith Company- December 31, 2014Question 1:Journal#DateAccount Title11-Feb Allowance for doutful accountsJones- Accounts receivable22-May CashAllowance for doutful accountsGarcia- Accounts receivable310-Aug Jones- Accounts receivableAllowance for doutful accountsCashJones- Accounts receivable4Debit15-Sep Allowance for doutful accountsTang- Accounts receivableMulaka- Accounts receivableQuan- Accounts receivableDecember 31,14-Aging of the Accounts ReceivablesAllowanceDays late Amount %Not PaidEnding Balance0 to 3031-6061-9090days+TOTALQuestion 2:DatesT-Account AllowanaceDebitCreditBB1-Feb20-May10-Aug15-SepBad Debt Expense=EB= Aging ResultQuestion 3:DateAccount Title31-Dec Bad Debt ExpenseAllowance for doutful accountsQuestion 4:Balance Sheet PresentaionGross Accounts ReceivablesEnding Blance of Allowance for Doubtbul AccountsNet Realizable BalanceCredit
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