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2 years ago

On January 1, Wei company begins the accounting period with a $42,000 credit balance in Allowance for Doubtful Accounts.

Business

1 answer:

Ugo [173]2 years ago

7 0

Answer:

Wei company General Journal

Feb 01

Dr Allowance for doubtful accounts $9,200

Cr Accounts receivable—Oakley Co. $2,100

Cr Accounts receivable—Brookes Co. $7,100

June 05

Dr Accounts receivable—Oakley Co. $2,100

Cr Allowance for doubtful accounts $2,100

June 05

Dr Cash $2,100

Cr Accounts receivable—Oakley Co. $2,100

Explanation:

Feb 01

(To record write off accounts receivables)

June 05

(To record reinstatement accounts receivable)

June 05

(To record receipt from accounts receivable)

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Option (D) is correct.

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