Accounting

Sheet1

Option #2- Mod 6- Receivables				Student Template
Miko Company Company- December 31, 2014
Question 1:
Journal#	Date	Account Title				Debit		Credit
a	1-Jan	Allowance for doutful accounts
		Mora- Accounts receivable
b
	30-Aug	Allowance for doutful accounts
		Accounts Receivables MyLine
c	20-Nov	Cash
		Allowance for doutful accounts
		Sophy- Accounts receivable
d	1-Dec	Smith- Accounts receivable
		Allowance for doutful accounts
		Cash
		Jones- Accounts receivable
Question 2
			Dates	T-Account Allow
				Debit	Credit
			BB
			1-Jan
			30-Aug
			20-Nov
			1-Dec
			Bad Debt Expense=
			Ending Balance
Calculations:		Bad debt expense=
		Credit sales for the year are
		Percentage of sales are bad debt
		Ending balance= Adding credits/subtracting debits
Question 3
	Date	Account Title				Debit		Credit
	31-Dec	Bad Debt Expense
		Allowance for doutful accounts
Question 4
Balance Sheet Presentaion
	Gross Accounts Receivables
	Ending Blance of Allowance for Doubtbul Accounts
		Net Realizable Balance

1

2

3

4

5

6

7

8

9

A

B

C

D

Option #2- Mod 6- Receivables

Miko Company Company- December 31, 2014

Question 1:

Journal#

Date

Account Title

a

1-Jan

Allowance for doutful accounts

Mora- Accounts receivable

b