Question

The trial balance before adjustment for Phil Collins Company shows the following balances.

Dr.

Cr.

Using the data above, give the journal entries required to record each of the following cases. (Each situation is independent.)

(If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

1.

2.

3.

4.

 

 

Dr.

 

Cr.

Accounts Receivable

 

$86,500

 

 

Allowance for Doubtful Accounts

 

1,960

 

 

Sales Revenue

 

 

 

$472,000