On January 1,2025, Oriole Company had Accounts Receivable of $54,000 and Allowance for Doubtful Accounts...
60.1K
Verified Solution
Question
Accounting
On January Oriole Company had Accounts Receivable of $ and Allowance for Doubtful Accounts of $ Oriole Company prepares financial statements annually. During the year, the following selected transactions occurred. Jan. Sold $ of merchandise to Rian Company, terms Feb. Accepted a $month, promissory note from Rian Company for balance due. Sold $ of merchandise to Cato Company and accepted Cato's $month, note for the balance due. Sold $ of merchandise to Malcolm Co terms Apr. Accepted a $month, note from Malcolm Co for balance due. Collected Cato Company note in full. June Collected Rian Company note in full. Sold $ of merchandise to Gerri Inc. and accepted a $month, note for the amount due. Journalize the transactions. Omit cost of goods sold entries.List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts. Date Account Titles and Explanation Debit Credit
On January Oriole Company had Accounts Receivable of $ and Allowance for Doubtful Accounts of $ Oriole Company prepares financial statements annually. During the year, the following selected transactions occurred.
Jan. Sold $ of merchandise to Rian Company, terms
Feb. Accepted a $month, promissory note from Rian Company for balance due.
Sold $ of merchandise to Cato Company and accepted Cato's $month, note for the balance due.
Sold $ of merchandise to Malcolm Co terms
Apr. Accepted a $month, note from Malcolm Co for balance due.
Collected Cato Company note in full.
June Collected Rian Company note in full.
Sold $ of merchandise to Gerri Inc. and accepted a $month, note for the amount due.
Journalize the transactions. Omit cost of goods sold entries.List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Date
Account Titles and Explanation
Debit
Credit
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.