Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. journalise the following transactions in the books

Journalise the following transactions in the books of Glenmore International- Note- Allowance for doubtful accounts...

70.2K

Verified Solution

Question

Accounting

Journalise the following transactions in the books of Glenmore International-

Note- Allowance for doubtful accounts has a debit balance of $400 and balance in accounts receivables is $80,000

The company estimated bad debts to be 2% of Accounts receivables.

The account of Jack Nelson has declared uncollectible with $4000

A customer Frank Leon, whose account was declared uncollectible has paid in full $8500 that he owed to the company.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

what is colorectal cancer more common among black than Hispanic and other race (asians or whites)? I meant...

Medical Sciences
Q

A rescue helicopter lifts a 81.9-kg person straight up by means of a cable. The person...

Physics
Q

For an electric dipole Piat origin find the value of tand at point A 3...

Physics
Q

Online Mock Test Series for NEET 2 2 A particle performing SHM with freque 10...

Physics
Q

4 24 Draw the shear and moment diagrams for the bea A 2k 2k 4...

Basic Math
Q

n 13 3 Homework K Mark Jakob lives in Tulsa Oklahoma and California Madison Wisconsin...

Statistics
Q

Given y 3x 2 3 is the Onone of the listed answers 3 is the...

Calculus
Q

Use the true conditional statement shown below State If a number is negative then its...

Calculus
Q

ep 3 of 4 Graph the given function by indicating how the more basic function...

Calculus
Q

times and tasks that must be completed to create a school s yearbook Which EST...

Algebra
Q

What is the coefficient of the term containing x2y in the expansion of 3x y...

Algebra
Q

At January 1,2018 ,Eagle Mountain Flagpoles had Accounts Receivable of 30,000, and Allowance for Bad...

Accounting