=================================================== ACC 557 Week 5 , Chapter 8 ( E8-3 , E8-5 , E8-14 , P8-7A ) FOR MORE CLASSES VISIT www . acc557tutor . com
on that date showed a balance of $ 6,804.60 . A comparison of the statement with the cash account revealed the following facts . ............
a ) Prepare the bank reconciliation at May 31 , 2014 . ............
b ) Prepare the necessary adjusting entries for Terrell Company at May 31 , 2014 ............
=================================================== ACC 557 Week 5 , Chapter 8 ( E8-3 , E8-5 , E8-14 , P8-7A ) FOR MORE CLASSES VISIT www . acc557tutor . com
ACC 557 Week 5 , Chapter 8 ( E8-3 , E8-5 , E8-14 , P8-7A )
E8-3 : The ledger of Elburn Company at the end of the current year shows Accounts Receivable $ 110,000 , Sales Revenue $ 840,000 , and Sales Returns and Allowances $ 28,000 . ............
E8-5 : At December 31 , 2013 , Crawford Company had a balance of $ 15,000 in Allowance for Doubtful Accounts . During 2014 , Crawford wrote off accounts totaling $ 14,100 . One of those accounts ($ 1,800 ) was later collected . At December 31 , 2014 , an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $ 19,000 . ............ Prepare journal entries to record the 2014 transactions of Crawford Company .
E8-14 : Lashkova Company had accounts receivable of $ 100,000 on January 1 , 2014 . The only transactions that affected accounts