Question Details

(Solution) - Journalize the following transactions in the accounts of Simply

Brief item decscription

Solution download


Item details:

Journalize the following transactions in the accounts of Simply Yummy Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
Jan. 13 Sold merchandise on account to Lynn Berry, $16,000. The cost of the merchandise sold was $9,400.
Feb. 12 Received $4,000 from Lynn Berry and wrote off the remainder owed on the sale of January 13 as uncollectible.
July 3 Reinstated the account of Lynn Berry that had been written off on February 12 and received $12,000 cash in full payment.

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jul 11, 2017

PRICE: $15

Solution~000779646207.zip (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now
v>