April 1 Sold merchandise on account to Jim Dobbs, $8,100. The cost of the merchandise is $6,000. If an amount box does not require an entr leave it blank. April 1 April 1 June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. If an amount box does not require an entry, leave it blank. June 10

Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 5.2BE: Purchases transactions Hoffman Company purchased merchandise on account from a supplier for 65,000,...
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Using Allowance Method of uncollected receivables

April 1 Sold merchandise on account to Jim Dobbs, $8,100. The cost of the merchandise is $6,000. If an amount box does not require an entry,
leave it blank.
April 1
April 1
June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. If an amount box does not require an
entry, leave it blank.
June 10
Oct. 11 Reinstated the account of Jim Dobbs and received $5,400 cash in full payment. If an amount box does not require an entry, leave it
blank.
Oct. 11
Oct. 11
100
100
00
Transcribed Image Text:April 1 Sold merchandise on account to Jim Dobbs, $8,100. The cost of the merchandise is $6,000. If an amount box does not require an entry, leave it blank. April 1 April 1 June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. If an amount box does not require an entry, leave it blank. June 10 Oct. 11 Reinstated the account of Jim Dobbs and received $5,400 cash in full payment. If an amount box does not require an entry, leave it blank. Oct. 11 Oct. 11 100 100 00
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