The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31: June 8. Wrote off account of Kathy Quantel, $8,440. Aug. 14. Received $3,000 as partial payment on the $12,500 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the $8,440 from Kathy Quantel, whose account had been written off on June 8. Reinstated the account and recorded the cash receipt. Dec. 31 Wrote off the following accounts as uncollectible (record as one journal entry):
a. Wade Dolan $4,600
b. Greg Gagne 3,600
c. Amber Kisko 7,150
d. Shannon Poole 2,975
e. Niki Spence 6,630
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31: June 8. Wrote off ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When buying a new vehicle, you will probably get more money for your old vehicle if you trade it in rather than selling it yourself. (t or f) (also i dont know what to label this kind of question.)
Answers (1)
The quantity supplied: is the amount that buyers are willing and able to buy at a particular price. shows how much sellers are willing and able to sell at different prices. shows how much buyers are willing and able to buy at different prices.
Answers (1)
Taylor Music Center has 5 CD players on hand at the balance sheet date. Each costs $400. The current replacement cost is $380 per unit.
Answers (1)
The company was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $3 par value common stock.
Answers (1)
Whats the most likely outcome of making only on-time minimum payments to a credit card with a balance for an entire year?
Answers (1)
New Questions in Business
A tile manufacturer had the following financial dа ta: Boxes of tile produced and sold 240,000 Sales Revenue $1,280,000 Variable Manufacturing cost $456,000 Fixed manufacturing cost $320,000 Variable selling, general and administrative expense
Answers (1)
Yeaman Company manufactures luggage sets. Yeaman sells its luggage sets to department stores. Yeaman expects to sell 1 comma 850 luggage sets for $ 345 each in January and 2 comma 250 luggage sets for $ 345 each in February. All sales are cash only.
Answers (1)
Button Transportation purchases many pieces of office furniture with an individual cost below $200 each.
Answers (1)
Which of the following statements is most consistent with efficient inventory management? The firm has a: a. low incidence of production schedule disruptions. b. below average total assets turnover ratio. c. relatively high current ratio.
Answers (1)
Units to be Assigned Costs Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet.
Answers (1)