Chapter 14 Accounting for Uncollectible Accounts Receivable • 49
Name Date Class
14-R RECYCLING PROBLEM (LO2, 3, 4, 5, 6, 7, 8)
Recording entries for uncollectible accounts
1., 2.
GENERAL JOURNAL PAGE 16
DATE ACCOUNT TITLE DOC.
NO. POST.
REF. DEBIT CREDIT
1
1
2 2
3 3
4 4
5 5
6 6
13 13
14 14
15 15
16 16
17 17
3.
GENERAL JOURNAL PAGE 17
DATE ACCOUNT TITLE DOC.
NO. POST.
REF. DEBIT CREDIT
1 1
20–
Dec. 2Allowance for Uncollectible Accounts M121 1135 8 4 1 32
Accounts Receivable/Trinity Corporation 1130
195 8 4 1 32
9Accounts Receivable/Specialty Supply M124 1130
175 5 7 1 2 00
Notes Receivable 1170 5 6 0 0 00
Interest Income 7110 1 1 2 00
13 Accounts Receivable/Lowndes Company M126 1130
Adjusting Entries
50 • Recycling Problem Working Papers
14-R RECYCLING PROBLEM (continued)
1234567
GENERAL ACCOUNTS
RECEIVABLE
CREDIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
$ 66,146.30 —
TE
(1130)
$ 723.69
666.73
651.28
982.02
1,466.27
—$4,489.99
(1,331.63)
$5,821.62
Chapter 14 Accounting for Uncollectible Accounts Receivable • 51
Name Date Class
14-R RECYCLING PROBLEM (continued)
1., 2., 3. ACCOUNTS RECEIVABLE LEDGER
ACCOUNT Denton Company CUSTOmER NO. 125
DATE ITEm POST.
REF. DEBIT CREDIT DEBIT
BALANCE
20–
Dec. 1 Balance ✔2 3 1 5 00
ACCOUNT Specialty Supply CUSTOmER NO. 175
DATE ITEm POST.
REF. DEBIT CREDIT DEBIT
BALANCE
17 Written off G16 2 3 1 5 00
20–
Dec. 9Dishonored note G16 5 7 1 2 00 5 7 1 2 00
52 • Recycling Problem Working Papers
14-R RECYCLING PROBLEM (concluded)
3. GENERAL LEDGER
ACCOUNT Accounts Receivable ACCOUNT NO. 1130
DATE ITEm POST.
REF. DEBIT CREDIT BALANCE
DEBIT CREDIT
20–
Dec. 1 Balance ✔67 1 1 0 62
ACCOUNT Notes Receivable ACCOUNT NO. 1170
DATE ITEm POST.
REF. DEBIT CREDIT BALANCE
DEBIT CREDIT
20–
Dec. 1 Balance ✔16 2 0 0 00
ACCOUNT Interest Income ACCOUNT NO. 7110
DATE ITEm POST.
REF. DEBIT CREDIT BALANCE
DEBIT CREDIT
20–
Dec. 1 Balance ✔8 1 3 60
TE
2 G16 8 4 1 32 66 2 6 9 30
9 G16 5 7 1 2 00 71 9 8 1 30
13 G16 9 4 8 15 72 9 2 9 45
17 G16 2 3 1 5 00 70 6 1 4 45
28 G16 3 5 2 0 00 67 0 9 4 45
31 CR22 9 4 8 15 66 1 4 6 30
9 G16 5 6 0 0 00 10 6 0 0 00
28 G16 3 5 2 0 00 14 1 2 0 00
9 G16 1 1 2 00 9 2 5 60