Journalize the following entries to record the charge-of, reinstatement, and col
ID: 2502301 • Letter: J
Question
Journalize the following entries to record the charge-of, reinstatement, and collection of accounts using the specific charge off method. Do not write explanations. On April 5, 20x3, wrote off the account of J. Mill, $605. as uncollectible On May 12, 20x4, reinstated the account of J. Mill, $605. On May 12, 20x4,collected $605. for the account of J. Mill.
(PLEASE NOTE THERE SHOULD BE 6 ENTRIES) DATE DESCRIPTION DEBIT CREDIT 20-
Journalize the following entries to record the charge-of, reinstatement, and collection of accounts using the specific charge off method. Do not write explanations. On April 5, 20x3, wrote off the account of J. Mill, $605. as uncollectible On May 12, 20x4, reinstated the account of J. Mill, $605. On May 12, 20x4,collected $605. for the account of J. Mill.
(PLEASE NOTE THERE SHOULD BE 6 ENTRIES) DATE DESCRIPTION DEBIT CREDIT 20-
Explanation / Answer
April 5
Debit: Allowance for doubtful accounts 605
Credit: Accounts receivable, J. Mill 605
May 12
Debit: Accounts receivable, J. Mill 605
Credit: Allowance for doubtful accounts 605
May 12
Debit: Cash 605
Credit: Accounts receivable, J. Mill 605
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