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  3. apr. 15. received $1,080 from jean tooley and wrot

Apr. 15. Received $1,080 from Jean Tooley and wrote off the remainder owed of $4,350...

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Accounting

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Apr. 15. Received $1,080 from Jean Tooley and wrote off the remainder owed of $4,350 as uncollectible. Aug. 7. Reinstated the account of Jean Tooley and received $4,350 cash in full payment. Joumalize the above transactions, using the allowance method of accounting for uncolfectible Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS110Cash111PettyCash121AccountsReceivable-JeanTooley129AllowanceforDoubtfulAccounts131InterestReceivable132NotesReceivable141MerchandiseInventory145OfficeSupplies146StoreSupplies151PrepaidInsurance181Land191StoreEquipment192AcrumulatedDenraciatinn.StaraFnuinmentREVENUE410Sales610InterestRevenueEXPENSES510CostofMerchandiseSold520SalesSalariesExpense521AdvertisingExpense522DepreciationExpense-StoreEquipment523DeliveryExpense524RepairsExpense529SellingExpenses530OfficeSalariesExpense531RentExoense In: Chart of Accounts 191StoreEquipment192AccumulatedDepreciation-StoreEquipment193OfficeEquipment194AccumulatedDepreciation-OfficeEquipmentAcLIABILITIES210AccountsPayable211SalariesPayable213SalesTaxPayable214InterestPayable215NotesPayable530OfficeSalariesExpense531RentExpense532DepreciationExpense-OfficeEquipment533InsuranceExpense534OfficeSuppliesExpense535StoreSuppliesExpense536CreditCardExpense537CashShortandOver538BadDebtExpense539MiscellaneousExpense710InterestExpense EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Joumalize the transactions, using the allowance method of accounting for unoolectele mecelvales. Rofer so she Chart of Accounts for exact wonting of account ofies

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