Table 1: Check Register Date Amount 10/5/2008 10/7/2008 10/11/2008 10/13/2008 10/16/2008 10/18/2008 225.00 4.00 345.50 98.25 1.50 1356.91 10/20/2008 76.45 10/22/2008 93.50 Check Number Description 1458 1459 1460 ATM Withdrawal ATM Fee Check: Car Payment Check: Cable TV Bill Payment Fee Credit Card Payment Check: Internet Auto Withdrawal 14. What is the total amount of the checks written? 15. What is the total amount of fees charged?
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- Prepare the general journal entries to record the accounts receivable 'write-offs' and the 'write-off recoveries' for 2023. Label Debit accounts with "Dr" and Credit accounts with "Cr". For example: (Dr) Asset $XXXXX, (Cr) Revenues $XXXXX. Ignore GST & narrationsFill in the missing amounts in the accounts receivable subsidiary ledgers for Willis Spas and Pools. If required, round your intermediate and final answers to the nearest cent. ACCOUNTS RECEIVABLE LEDGER NAME: E. McKenzie ADDRESS: 4717 Erin St, Madison, WI 53713 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 3 J60 3,816.00 3,816.00 Aug. 18 J60 4,589.80 fill in the blank 1 J60 105.00 fill in the blank 2TeleComm customer ADR circuits paid off an $9500 balance on its accounts receivable. TeleComm should record the transaction as a debit to accounts receivable-A DR circuits and a credit to cash. True or false?
- How do I record this transaction; Issues credit memo to Targhee Co., $27500, terms FOB shipping point, 1/10, n/30?Danica Patrick, Inc. includes the following account among its trade receivables. Hopkins Co. 1/1 Balance forward 700 1/28 Cash (#1710) 1,100 1/20 Invoice #1710 1,100 4/2 Cash (#2116) 1,350 3/14 Invoice #2116 1,350 4/10 Cash (1/1 Balance) 155 4/12 Invoice #2412 1,710 4/30 Cash (#2412) 1,000 9/5 Invoice #3614 490 9/20 Cash (#3614 and 10/17 Invoice #4912 860 part of #2412) 790 11/18 Invoice #5681 2,000 10/31 Cash (#4912) 860 12/20 Invoice #6347 800 12/1 Cash (#5681) 1,250 12/29 Cash (#6347) 800 Instructions Age the balance and specify any items that apparently require particular attention at year-end.What should i do? Record the Contracted services of $82,500 as performed. Note: Enter debits before credits. Transaction General Journal Debit Credit 6b
- Chapter 8 Questions to practice BE8-1 Presented below are three recei\ailes transactions. Indicate whether these recei\. ables are reported as accounts recei\able, notes recei\-able, or other receivables on a state- ment of6nancial position. (a) Sold merchandise on account forW64,000,000 to a customer. (b) Received a promissory note ofW57,000,000 for senicn perfonned. (c) Ad\-anced W8,000,000 to an employee.If an account has a debit balance, enter that balance in the YTD Debit column and leave the relevant YTD Credit column blank. You are not required to use commas to separate thousands or to enter dollar ($) signs. Any commas or dollar signs entered into input boxes will be removed by the practice set website. Trial BalanceDecember 2020 Account # Account YTD Debit ($) YTD Credit ($) 1-1110 Cheque Account 77,839 1-1180 Undeposited Funds 0 1-1190 Electronic Clearing Account 0 1-1200 Accounts Receivable 39,017 Transcribe the two highlighted figures ...Trade receivables (net of allowances of $45 at December 31, 2022 and $37 at December 31, 2021) December 2022: $3,088 December 2021: $2,337 Other receivables (net of allowances of $59 at December 31, 2022 and $49 at December 31, 2021) December 2022: $819 December 2021: $851 Calculate average account receivables. (Also explain if you add/minus/not use net of allowances)
- Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $3,190 from Paula Spitler and wrote off the remainder owed of $5,900 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 fill in the blank e83d81f48fed021_2 fill in the blank e83d81f48fed021_3 fill in the blank e83d81f48fed021_5 fill in the blank e83d81f48fed021_6 fill in the blank e83d81f48fed021_8 fill in the blank e83d81f48fed021_9 July 29: Reinstated the account of Paula Spitler and received $5,900 cash in full payment. July 29 fill in the blank cf28d0043fd3fb7_2 fill in the blank cf28d0043fd3fb7_3 fill in the blank cf28d0043fd3fb7_5 fill in the blank cf28d0043fd3fb7_6 July 29 fill in the blank cf28d0043fd3fb7_8 fill in the blank cf28d0043fd3fb7_9 fill in the blank cf28d0043fd3fb7_11 fill in the blank cf28d0043fd3fb7_12At what net realizable value should the accounts receivable – trade be carried as of December 31? Please include solutions. Thank you!ACCOUNTS RECEIVABLE LEDGER NAME: E. McKenzie ADDRESS: 4717 Erin St, Madison, WI 53713 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 3 J60 3,816.00 3,816.00 Aug. 18 J60 4,589.80 fill in the blank 1 J60 105.00 fill in the blank 2 ACCOUNTS RECEIVABLE LEDGER NAME: S. Rottier ADDRESS: 1008 S. 9TH St, Monona, WI 53715 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 7 J60 1,484.00 1,484.00 Aug. 10 J60 400.00 fill in the blank 3 ACCOUNTS RECEIVABLE LEDGER NAME: L. Franklin ADDRESS: 2815 Main St, Cottage Grove, WI 53711 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 1 J60 1,272.00 1,272.00 Aug. 22 J60 2,120.00 fill in the blank 4 Using the information from the ledgers, prepare a schedule of accounts receivable as of August 31. If required, round your intermediate and final answers to the nearest cent. Willis Spas and PoolsSchedule of Accounts ReceivableAugust 31, 20-- E. McKenzie $fill…