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In the Journal Provided,prepare the Entries for the Following Transactions $600 \$ 600

question 82

Essay

In the journal provided,prepare the entries for the following transactions.(Omit explanations.)
Dec. 1 Sold merchandise on account to Katurah Wells for $600 \$ 600 .
12 Received payment of $400 \$ 400 from Katurah Wells.
31 Made adjusting entry for Uncollectible Accounts Expense, using the percentage of net sales method. Net sales for the year totaled $14,000 \$ 14,000 , uncollectible accounts are estimated at 2 percent, and Allowance for Uncollectible Accounts has a $50 \$ 50 credit balance prior to adjustment.

Feb. 5 Wrote off Katurah Wells's balance because she filed for bankruptcy.
17 Unexpectedly received the $200 \$ 200 from Katurah Wells.
 In the journal provided,prepare the entries for the following transactions.(Omit explanations.)  Dec. 1 Sold merchandise on account to Katurah Wells for   \$ 600  . 12 Received payment of   \$ 400   from Katurah Wells. 31 Made adjusting entry for Uncollectible Accounts Expense, using the percentage of net sales method. Net sales for the year totaled   \$ 14,000  , uncollectible accounts are estimated at 2 percent, and Allowance for Uncollectible Accounts has a   \$ 50   credit balance prior to adjustment.  Feb. 5 Wrote off Katurah Wells's balance because she filed for bankruptcy. 17 Unexpectedly received the   \$ 200   from Katurah Wells.


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