-ANALYSIS OF TRANSACTIONS AND ADJUSTMENTS- INSTRUCTIONS: In recording the select

Question

-ANALYSIS OF TRANSACTIONS AND ADJUSTMENTS- INSTRUCTIONS: In recording the selected transactions and adjustmernts, indicate the tties of the general 1es to be debited and credited by inserting in the appropriate column the letters tidles listed that correspond to the account A. Accounts Payable B. Accounts Recelvable C. Allowance for Doubtful Accounts I. Misc. Adeministrative Expense E. Interest Expense F, Interest Revenue G. Interest Payable H. Interest Receivable J. Notes Payable K. Notes Receivable L. Bad Debt Expense D. Cash Debit Scori Credit Scoring 0. 0. Received the final payment on a promissory note 1.2. Recorded the adjusting entry for estimated uncollectible accounts 2. at the end of the fiscal period, based upon the alowance method 3-4. Wrote off the account of the bankrupt debtor (included in Allowance for Doubtful Accounts provision had been made in Question 1-2) 5-8. Recovered the bad debt wnitten off in Question 3-4 8. 10. 9-10. Replaced a customer's account receivable with a note receivable

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Problem Debit Credit 1-2 1. L 2. C 3-4 3. C 4. B 5-8 5. B 6. C 7. D 8. B 9-10 9. K 10. B

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