|Beg. Bal||19520||Insurance expense||800|
|End bal (Dr)||3085|
|Beg. bal||10550||Notes receivable||1500|
|Sales revenue||23100||Allowance for doubtful accounts||1200|
|Sales return and allowances||2475|
|End bal (Dr)||28475|
Allowance for doubtful accounts
|Accounts receivable||1200||Beg. Bal||1200|
|Beg. Bal||2100||Cost of goods sold||10745|
|Accounts payable||12750||Cost of goods sold||1750|
|Cost of goods sold||1155||End bal (Dr)||3850|
* The delivery charges for bringing the inventory to its current place and making it ready for use is capitalized with inventory costs.
|End bal (Dr)||1500|
|Interest revenue||10||End bal (Dr)||10|
|End Bal (Cr)||1900|
|Sales revenue||4650||Beg. Bal||4650|
|End bal||0||Beg. Bal||0|
|End bal(Cr)||130||Interest expense||130|
|End bal(Cr)||13000||Beg. Bal||13000|
|End bal (Cr)||5600||Beg. Bal||5600|
|Cost of goods sold||11340||Beg. |
|Sales return and allowances||2475||Sales revenue||27750|
|End bal (Cr)||16035|
$Assuming revenue account is as same as retained earnings
|Retained earnings||27750||Accounts receivable||23100|
Sales return and allowances
|Accounts receivable||2475||Retained earnings||2475|
As I cannot read the entire question I cannot fill up the account. As far as it visually accessible to me the question cannot be read after 02/18. Thus, I am leaving this t account as blank.
Cost of goods sold
|Retained earnings||10||Interest receivable||10|
Bad debt expense
As the bad debt is written off from allowances for doubtful accounts no entry is required in bad debts account.
|Interest payable||130||Retained earnings||130|
As the question is visually accessible upto 02/18, there is nothing about rent expense, thus, I am leaving the t account as blank.
As the question is visually accessible upto 02/18, there is nothing about utility expense, thus, I am leaving the t account as blank.
N.B. I cannot see the question beyond 02/18 date where the amount is written off from debtors. It is a shame I could not complete the question..