accounting assignment the allowance method and notes receivable 495000

1/20/2010 6/1/2010 6/30/2010 8/15/2010 9/7/2010 12/1/2010 12/19/2010 12/31/2010 12/31/2010 12/31/2010 1 2 Credit Date Accounts Debit Requirements: Post. Ref Journal Outfitters Supply Co. completed the following transactions during the year. Sold Inventory to Henry G., $600, on account. Ignore COGS. Loaned $10,000 cash to Kayaks Inc., receiving a 6 month, 11% note. Wrote off the Henry G. account as uncollectible after repeated efforts to collect from him. Received $200 from Henry G., along with a letter stating his intention to pay within 30 days. Reinstated his account in full Received the balance from Henry G. Collected the maturity value on the Kayaks Inc. note. Received a $3000, 60 day, 12% note on account from Tommy R. Wrote off the following accounts as uncollectible: Jones $700, Smith $300, Kettle $600 Made an adjusting entry to accrue the interest on the Tommy R. note Journalize the transactions, omitting explanations. The December 31 balance of Accounts Receivable is $139,000 and the balance in the Allowance account is Credit $1,800. Post the beginning balance to the allowance for uncollectible accounts T to determine the adjusting entry needed for bad debt expense. Allowance Module 11 Assignment: Based on an aging of accounts receivable, estimated uncollectible accounts is $2900 ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????