Homework answers / question archive / The Accounts Receivable balance and Allowance for Bad Debts for Garcia Corporation at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively

The Accounts Receivable balance and Allowance for Bad Debts for Garcia Corporation at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively

Accounting

Share With

The Accounts Receivable balance and Allowance for Bad Debts for Garcia Corporation at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively. During 2018, Garcia Corporation completed the following transactions: 
Requirement 1. Journalize Garcia Corporation's transactions for 2018 assuming Garcia Corporation uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Sales revenue on account, $294.600 (ignore Cost of Goods Sold).