Please assist me next to this bulletin entry quiz!!?
What is the journal entry for the following:(a) lb400 have been sold on credit to M on 21/7/X8 and lb350 have been received from M on 30/7/X8 but be informed that it would not be possible to collect any more of the debt.
(b) lb600 has be sold on credit to B on 23/7/X8, but goods next to invoice price of lb80 were returned by B on 31/7/X8.
Answers: not sure what accounts you own but
A. Credit Allowance of doubtful accounts
Debit Bad debt expense
B. Credit either purchase returns and allowance or sale returns and allowances
Debit Accounts payable account
WHAT?
BEST OF LUCK
(a) lb400 have been sold on credit to M on 21/7/X8 and lb350 have been received from M on 30/7/X8 but be informed that it would not be possible to collect any more of the debt.
Credit sales lb400. (Add)
Credit Accounts Receivable lb400 (Add)
Debit Accounts receivable lb350 (Subtract)
Balance lb50
Try to collect.
If not collectable, write sour.
Debit Accounts Receivable lb50 (Subtract)
AR Balance 0.00
Credit Bad Debts lb50 (Add)
(b) lb600 has be sold on credit to B on 23/7/X8, but goods beside invoice price of lb80 were returned by B on 31/7/X8.
Credit Sales lb600 (Add)
Credit Accounts receivable lb600 (Add)
Debit Sales Returns lb80 (Subtract)
Debit Accounts Receivable (Returns) lb80 (Subtract)
Balance AR lb520
Hi, what is the swift code of Equitable Pci Bank, Tiera Nueva - Alabang Branch within the Philippines?
Wireless money transferAnswers: I have a sneaking suspicion that it is
PCIBPHMM
If a 12 year out-of-date hold 3 50 or 500 dollar abiding bonds..in the region of how much will it be by the time she's 24?
whats the best health insurance and why? how could i bring back it and where?Answers: By that time ,this country will be broke and you won't know how to cash them at adjectives.
Do the math!!...