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June 4 Sold $2,500 of merchandise on credit (that had cost $1,560 ) to Natara Morris, terms n/15. June 5 Sold $28,000 of merchandise (that had cost $16,800 ) to customers who used their Zisa cards. Zisa charges a 2% fee. June 6 sold $20,000 of merchandise (that had cost $12,000 ) to customers who used their Access cards. Access charges a 1% fee. June 8 Sold $17,000 of merchandise (that had cost $2,900 ) to customers who used their Access cards. Access charges a 3% fee. June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $2,040 balance in McKee's account was from a credit sale last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. June 4 sold $2,500 of merchandise on credit (that had cost $1,500 ) to Natara Morris, terms n/15. June 5 Sold $28,000 of merchandise (that had cost $16,800 ) to customers who used their Zisa cards. Zisa charges a 2% fee. June 6 Sold $20,000 of merchandise (that had cost $12,000 ) to customers who used their Access cards. Access charges a 1% fee. June 8 Sold $17,000 of merchandise (that had cost $2,900 ) to customers who used their Access cards. Access charges a 3% fee. une 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $2,040 balance in McKee's account was from a credit sale last year. une 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. Journal entry worksheet \begin{tabular}{lllll|l|l|l|} 6 & 1 & 2 & 3 & 4 & 5 & 6 & 7 \end{tabular} 9 Recelved Morris's check in full payment for the June 4 purchase. June 4 sold $2,500 of merchandise on credit (that had cost $1,500 ) to Natara Morris, terms n/15. June 5 Sold $28,000 of merchandise (that had cost $16,800 ) to customers who used their Zisa cards. Zisa charges a 2% fee. June 6 Sold $20,000 of merchandise (that had cost $12,000 ) to customers who used thein Access cards. Access charges a 1% fee. June 8 sold $17,000 of merchandise (that had cost $2,900 ) to customers who used their Access cards. Access charges a 3% fee. June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $2,040 balance in Mckee's account was from a credit sale last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. Journal entry worksheet Sold $20,000 of merchandise to customers who used their Access cards. Access charoes a 1% fee. Required information [The following information applies to the questions displayed below.] On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $16,500. Jarden prepares a schedule of its December 31 accounts receivable by age. 3. On June 30 of the next year, Jarden concludes that a customer's $4,750 recelvable is uncollectible and the account is written off. Does this write-off directly affect Jarden's net ncome? Required: 1-a. First, complete the table below to calculate the interest amount at December 31 , Year 1. 1-b. Use the calculated value to prepare your journal entries for Year 1 transactions. 1-c. First, complete the table below to calculate the interest amounts. 1-d. Use those calculated values to prepare your journal entries for Year 2 transactions. 2. If Ohlm pledged its receivables as security for a loan from the bank, where on the financial statements does it disclose this pledge of receivables? Complete this question by entering your answers in the tabs below. First, complete the table below to calculate the interest amounts. ( D o not round intermediate calculations.) At December 31 . Hawke Company reports the following results for its calendar year. In addition, its unadjusted trial balance includes the following items Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 2% of credit sales. b. Bad debts are estimated to be 1% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). Journal entry worksheet

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