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Prepare journal entries to record the following transactions: + (1) On December 15, 2010, the...

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Accounting

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Prepare journal entries to record the following transactions: + (1) On December 15, 2010, the company recorded $150,000 sales on credit.-+' Dec. 15*- Ensure the equation still balances and debits-credits Assets* Liabilities+? Stockholders' Equity- (2) On December 31, 2010, the company estimated bad debt expenses of $15,000. Dec. 31 Ensure the equation still balances and debits- credits ^ Assets* Liabilities +Stockholders' Equity' (3) On January 12, 2011, collect $100,000 worth of accounts receivable. ' Jan. 12 2011 Ensure the equation still balances and debits = credits+' Assets Liabilities Stockholders' Equity

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