=================================================== 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