| Option #1- Mod 6- Receivables | | | | Students Template |
| Smith Company- December 31, 2014 |
| Question 1: |
| Journal# | Date | Account Title | | | | Debit | | Credit |
| 1 | 1-Feb | Allowance for doutful accounts |
| | | Jones- Accounts receivable |
| 2 | 2-May | Cash |
| | | Allowance for doutful accounts |
| | | Garcia- Accounts receivable |
| 3 | 10-Aug | Jones- Accounts receivable |
| | | Allowance for doutful accounts |
| | | Cash |
| | | Jones- Accounts receivable |
| 4 | 15-Sep | Allowance for doutful accounts |
| | | Tang- Accounts receivable |
| | | Mulaka- Accounts receivable |
| | | Quan- Accounts receivable |
| | December 31,14-Aging of the Accounts Receivables |
| | | | | Allowance |
| | Days late | Amount | %Not Paid | Ending Balance |
| | 0 to 30 |
| | 31-60 |
| | 61-90 |
| | 90days+ |
| | TOTAL |
| Question 2: | | | Dates | T-Account Allowanace |
| | | | | Debit | Credit |
| | | | BB |
| | | | 1-Feb |
| | | | 20-May |
| | | | 10-Aug |
| | | | 15-Sep |
| | | | Bad Debt Expense= |
| | | | EB= Aging Result |
| Question 3: |
| | Date | Account Title |
| | 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 |
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act300_mod_6_opt_1_template.xlsx
