The actual cash received during the week ended June 7 for cash sales was $19,027,...
50.1K
Verified Solution
Question
Accounting
The actual cash received during the week ended June 7 for cash sales was $19,027, and the amount indicated by the cash register total was $18,981. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. A $250 petty cash fund has cash of $45 and receipts of $196. The journal entry to replenish the account would include a credit to 3. Carh Short and Over for $9. b. Cash for 5205, c. Cash for 545 . d. Petty Cash for $241. accounts indicates uncollectible receivables of $12,268. Which of the following entries records the proper adjustment for Bad Debt Expense? a. Debit Allowance for Doubtful Accounts, \$13,303; eredit Bad Debt Expense, $13,303 b. debit Bad Debt Expense. $11,233; cre dit Allowance for Doubfful Accounts, $11,233 c. debit Allowance for Doubtful Accounts, 511,233, credit Bad Debt Expense, 511.233 d. debit Bad Debt Expense, 513,303 , credit Allowance for Doubtful Accounta, 513,303 Discount Mart utilizes the allowance method of accounting for uncollectible receivables, On December 12 the company receives a $500 check from Chad Thomas in settlement of Thomas's $1,420 outstanding accounts receivable. Due to Thomas's failing health he is dosing his company and is expecting to make no further payments to Discount Mart. Journalize this declaration. If an amount box does not require an entry, leave it blank. Dec. 12




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.