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Prepare general journal entries to record transactions

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Reference no: EM132905583

Problem 1: Prepare general journal entries to record the following transactions for Elliott Consulting. (The company uses the income statement approach for recording bad debts expense.)

2020

Dec. 31 Recorded Bad Debts Expense, $ 2,010

2021

Jan. 9 Wrote off Summer's account as uncollectible, $435
Mar. 12 Wrote off Manny's account as uncollectible, $650
Jul. 8 Recovered $100 from Manny
Aug. 19 Wrote off Jared's account as uncollectible, $215

Reference no: EM132905583

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