Dec 14. After exhausting all alternatives to initiate collection, wrote off the $435.00 balance of customer Chris Enburger.
Dec 15. Received a check for $20,545 from Ruth Yates as payment in full on her account. The sales invoice number from this November 21 sale is G39
Dec14 Issued check as payment in full of the Buster Supply store equipment and store supplies purchase of December 4, less the $46.00 supply return of December 11Journal entry help please?
12/14 Dr Allow for Doubt Accounts (106) 435.00
Cr Accounts Receivable (105) 435.00
12/15 Dr Cash (101) 20545.00
Cr Accounts Receivable (105) 20545.00
12/14 Dr Accounts Pay (201) 463.76
Cr Cash (101) 463.76
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