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4. The Accounts receivable balance for Turning Leaves Furniture Restoration at December 31, 2010, was...

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Question

Accounting

4. The Accounts receivable balance for Turning Leaves Furniture Restoration at December 31, 2010, was $15,000. During 2011, Turning Leaves completed the following transactions:

a. Sales revenue on account, $422, 000 (ignore cost of goods sold)

b. Collections on account, $422, 000

c. Write offs of uncollectibles, $6,000

d. Uncollectible account expens, 3% of sales revenue

Requirement

R1. Journalize Turning's 2011 transactions.

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