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Question 2 View Policies Current Attempt in Progress On January 1, 2022. Coronado Industries had...

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Accounting

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Question 2 View Policies Current Attempt in Progress On January 1, 2022. Coronado Industries had Accounts Receivable of $55 800 and Allowance for Doubtful Accounts of $3000. Coronado Industries prepares financial statements annually. During the year, the following selected transactions occurred: Jan 5 Sold $4.500 of merchandise to Rian Company, termn/30 Feb. 2 Accepted a $4.500,4 month, 9% promissory note from Rian Company for balance due. 12 Sold 513,200 of merchandise to Cato Company and accepted Cato's $13,200, 2 month, 11% note for the balance due 26 Sold 55,400 of merchandise to Malcolm Co, term /10. Apr 5 Accepted a $5,400, 3-month note from Malcolm Co.for balance due 12 Collected Cato Company note in full June 2 Collected Rian Company note in full. 15 Sold $1.800 of merchandise to Gerri Inc and accepted a $1,800, 6-month, 11 note for the amount due Journalize the transactions. (Omit cost of goods sold 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.)

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