Question
I need help please I don't understand this at all. Thanks.
Part A: Prepare general journal entries to record the following transactions for the Harris Company. (The company uses the balance sheet approach for recording bad debts expense.)
2010
Dec. 31 Record Bad Debts Expense, $800
2011
Jan. 3 Wrote off Jal's account as uncollectible, $60
Mar. 4 Wrote off Halls account as uncollectible, $75
Jul. 5 Recovered $45 from Hall
Aug. 19 Wrote off M. Wilson's account as uncollectible, $100
Nov. 7 Recovered $25 from Jal
Part A: Prepare general journal entries to record the following transactions for the Harris Company. (The company uses the balance sheet approach for recording bad debts expense.)
2010
Dec. 31 Record Bad Debts Expense, $800
2011
Jan. 3 Wrote off Jal's account as uncollectible, $60
Mar. 4 Wrote off Halls account as uncollectible, $75
Jul. 5 Recovered $45 from Hall
Aug. 19 Wrote off M. Wilson's account as uncollectible, $100
Nov. 7 Recovered $25 from Jal
Answers
I need help with it please if someone could explain?
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