| JOURNAL ENTRIES | |||
| Receivables | 150 000 | ||
| Inventory | 150 000 | ||
| To record the sale of inventory | |||
| Cash | 165 000 | ||
| Receivables | 165 000 | ||
| To record cash collections | |||
| Allowance for bad debt | 30 000 | R | |
| Receivables | 30 000 | R | |
| To record sale of inventory | |||
| As this is highly likely to be a bad debt, it will be reversed when the customer honours their obligation | |||
Lesson 1: Thesis Lesson 2: Introduction Lesson 3: Topic Sentences Lesson 4: Close Readings Lesson 5: Integrating Sources Lesson 6:…
Lesson 1: Thesis Lesson 2: Introduction Lesson 3: Topic Sentences Lesson 4: Close Readings Lesson 5: Integrating Sources Lesson 6:…
Lesson 1: Thesis Lesson 2: Introduction Lesson 3: Topic Sentences Lesson 4: Close Readings Lesson 5: Integrating Sources Lesson 6:…
Lesson 1: Thesis Lesson 2: Introduction Lesson 3: Topic Sentences Lesson 4: Close Readings Lesson 5: Integrating Sources Lesson 6:…
Lesson 1: Thesis Lesson 2: Introduction Lesson 3: Topic Sentences Lesson 4: Close Readings Lesson 5: Integrating Sources Lesson 6:…
Lesson 1: Thesis Lesson 2: Introduction Lesson 3: Topic Sentences Lesson 4: Close Readings Lesson 5: Integrating Sources Lesson 6:…