STANDARD V?EW pRINTER VERSION BACK NEXT Problem 9-1A (Part Level Submission) At

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STANDARD V?EW pRINTER VERSION BACK NEXT Problem 9-1A (Part Level Submission) At December 31, 2016, House Co. reported the following information on its balance sheet. sianment cise 9-3 (Part Accounts receivable mission) $960,500 Less: Allowance for doubtful accounts 78,000 ose 9 During 2017, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5.Recovery of bad debts previously written off as uncollectible30,000 cise 9-9 9-3 9-5 $3,665,000 48,000 2,813,800 90,100 9-1A (Par sults by Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) o Account Titles and Explanation DebitCredit 1. 2. 3. 5. (To reverse account previously written off.) (To record the collection of accounts receivable.) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 a

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Answer

Date Particulars Dr Cr 1. Accounts Receivable $3665000 Sales Revenue $3665000 2. Sales Returns & Allowances $48000 Accounts Receivable $48000 3. Cash $2813800 Accounts Receivable $2813800 4. Accounts Receivable $90100 Allowance for Doubful Accounts $90100 5. Accounts Receivable $30000 Allowance for Doubful Accounts $30000 Cash $30000 Accounts Receivable $30000

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