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What is the general ledger journal entry to write off notes receivable?
Wiki User
∙ 9y ago
debit bad debts
credit notes receivable
Wiki User
∙ 9y ago
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What is the general ledger journal entry to write off accounts receivable?
Under the allowance method, entry would be: Allowance for Doubtful Accounts (DR) Account Receivable (CR)
What is the general ledger journal entry to reverse the write off of accounts receivable?
Accounts Receivable - DR Bad Debts written off - CR
What is the general ledger journal entry to write off accounts receivale checks?
Debit bad debtsCredit accounts receivable
What is the general ledger journal entry for a refund?
Cash a/c to debtors a/c
What happens if the adjusting entries to the general ledger are wrong?
You would reverse the journal entry then record the correct entry.
Journal entry for goods written off?
The general ledger journal entry for the uncollectible bad debt would be considered a loss in ledger. Debit the account named Bad Debt Expense for the amount and credit the account Accounts Receivable for the amount.
What is the general ledger Journal entry for missing stock to write off?
debit owners equitycredit purchases
What is the general ledger journal entry to begin a Reserve Account?
debit reserve accountcredit cash / bank
Closing entry need to be?
Closing entries should be journalized and posted. They are entered in the general journal, as well as posted in the general ledger.
What is the general ledger journal entry to write goods taken by the owner from stock?
debit drawingscredit purchases / goods
What is the general ledger journal entry issue an invoice on sale of account?
Debit accounts receivableCredit sales revenue
An accounting record of the balances of all assets and liabilities and equity accounts is called a.compound entry. b. general journal. c. general ledger. d. chart of accounts?
c. General Ledger
