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The following was taken from the records of Smith Company in the year ending December 31, 2014. Journalize the following transactions in an Excel spreadsheet for year-end 2014 using the aging method. Assume that the allowance for doubtful accounts has a beginning credit balance of $18,000 on January 1, 2014.
Assignment Template
Label the events below as journal entries #1 to #4, along with the dates of the entries:
December 31, 2014: Smith Company prepared the following aging schedule for it accounts receivables:
Instructions:
Submit the following items in an Excel spreadsheet, labeling each as 1, 2, 3, and 4:
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