(a) Journalize the transactions, including explanations. (Note, enter all accounts in one box. The dates have been included to help with formatting).
(b) Post the transactions to the ledger T Accounts Be sure to post the amounts to the correct side of the T-Account!
c) Enter the amounts to the right of the dollar signs. Don't forget to complete the journal entry to record the bad debt expense.
(d) Accounts Receivable Turnover Ratios:
(a) Journalize the transactions, including explanations. (Note, enter all accounts in one box. The dates have been included to help with formatting).
(a) Journalize the transactions, including explanations. (Note, enter all accounts in one box. The dates have been included to help with formatting).
If there are two entries for the same day, then you do not need to enter the date again.
(c) Partial Balance Sheet
(b) Post the transactions to the ledger T Accounts
Be sure to post the amounts to the correct side of the T-Account!