IMMEDIATE ACCOUNITNG VOLUME 7 Running Head

Running Head: IMMEDIATE ACCOUNITNG VOLUME 1
IMMEDIATE ACCOUNITNG VOLUME

IMMEDIATE ACCOUNITNG VOLUME 2
Contents
A)................................................................................................................................ 3
1.................................................................................................................................. 3
2.................................................................................................................................. 3
3.................................................................................................................................. 4
4.................................................................................................................................. 4
B)................................................................................................................................ 4
C)................................................................................................................................ 5
References..................................................................................................................... 7

IMMEDIATE ACCOUNITNG VOLUME 3
A)
1
PART
A
Calculation of bad debts
Particulars Debit Credit
Accounts Receivable
$
1,05,000.00
Allowance for doubtful debts
$
1,950.00
Sales revenue
$
6,84,000.00
Sales returns and allowances
$
30,000.00
1 Journal Entry Debit Credit
Bad debts Dr.
$
6,150.00
To allowance for doubtful debts
$
6,150.00
for bad debts recorded
Allowance for doubtful debts Dr.
$
6,150.00
To Accounts receivables
$
6,150.00
for allowance for bad debts
adjusted
2
2 Journal Entry Debit Credit
Bad debts *( Working note ) Dr.
$
7,758.00
To allowance for doubtful debts
$
7,758.00
for bad-debts recorded