6)

A.) ENTRIES FOR YEAR 2022 TO RECORD REVENUE,COLLECTION AND THE DOUBTFUL ACCOUNTS.
DATE PARTICULARS P/R DEBIT CREDIT
ACCOUNT RECEIVABLE 1,250
PROFESSIONAL FEES REVENUE 1,250
TO RECORD RENDERED SERVICE ON ACCOUNT

CASH ON HAND 950

ACCOUNT RECEIVABLE 950
COLLECTED ACCOUNTS RECEIVABLE

DOUBTFUL ACCOUNTS EXPENSE 9,000

ALLOWANCE FOR DOUBTFUL ACCOUNTS 9,000
TO ADJUST 3% OF THE RECEIVABLE BALANCE

B) POST THE T ACCOUNTS TO DETERMINE THE BALANCES

ALLOWANCE FOR DOUBTFUL ACCOUNTS ACCOUNT RECEIVABLE

9,000 1,250
950
300,000

C) NET REALIZABLE VALUE 300,000-9,000 291,000

DOUBTFUL ACCOUNTS EXPENSE 9,000

7) A.
DATE PARTICULARS P/R DEBIT CREDIT
ACCOUNTS RECEIVABLE 1,350,000
PROFESSIONAL FEES REVENUE 1,350,000
TO RECORD RENDERED SERVICE ON ACCOUNTS

CASH ON HAND 975,000

ACOOUNTS RECEIVABLE 975,000
COLLECTED ACCOUNTS RECEIVABLE

DOUBTFUL ACCOUNTS EXPENSE 11,250

ALLOWANCE FOR DOUBTFUL ACCOUNTS 11,250
TO ADJUST 3% OF THE RECEIVABLE BALANCE

B) POST THE T ACCOUNTS TO DETERMINE THE BALANCES

YEAR 2022 ALLOWANCE FOR DOUBTFUL ACCOUNT ACCOUNT RECEIVABLE
9,000 300,000
11,250 1,350,000
20,250 975,000
1,650,000 975,000
675,000

C) NET REALIZABLE VALUE 675,000 - 20.250 654,750

DOUBTFUL ACCOUNTS EXPENSE 20,250
 8)
2022
UL ACCOUNTS.

2023

DOUBTFUL ACCOUTS EXPENSE

9,000

9) A.

DATE
2022
Dec-31

2021
Dec-31

2022
Dec-31
DOUBTFUL ACCOUNTS EXPENSE
9,000
11,250
20,250
 DEBIT CREDIT

ACCOUNTS RECEIVABLE 245,000

SERVICE INCOME 245,000

CASH 176,345
ACCOUNTS RECEIVABLE 176,345

ACCOUNT RECEIVABLE 395,000

SERVICE INCOME 395,000

CASH 118,000
ACCOUNTS RECEIVABLE 118,000

CASH 34,228
ACCOUNTS RECEIVABLE 34,228

ALLOWANCE FOR BAD DEBT 15,000

ACCOUNT RECEIVABLE 15,000

B)
WHITE BEACH RESORT
GENERAL JOURNAL
FOR THE YEAR ENDED DECEMBER
PARTICULARS DEBIT CREDIT

DEPRECIATION EXPENSE-BUILDING 725,000

ACCUMULATED DEPRECIATION- BULDING 725,000

DEPRECIATION EXPENSE- BUILDING 725,000

ACCUMULATED DEPRECIATION- BULDING 725,000

DEPRECIATION EXPENSE- F&F 347,500

ACCUMULATED DEPRECIATION- F&F 347,500
C.)

DEPRECIATION EXPENSE- BUILDING 725,000

ACCUMULATED DEPRECIATION- BULDING 725,000
DEPRECIATION EXPENSE- F&F 695,000
ACCUMULATED DEPRECIATION- F&F 695,000

DEPRECIATION EXPENSE- EQUIPMENTS 93,750

ACCUMULATED DEPRECIATION- EQUIPMENT 93,750
TOTAL BALANCE 3,311,250 3,311,250
 CASH 176,345 SERVICE INCOME
245,000
ACCOUNT RECEIVABLE
245,000
176,345
68,655

CASH ACCOUNT RECEIVALE

118,000 245,000
34,228 395,000
152,228 118,000
34,228
15,000
640,000
472,773

SERIVICE INCOME ALLOWANCE FOR BAD DEBTS

395,000 15,000

DEPRECIATION EXPENSE-BUILDING 2022

725,000 2020 A Dec-31 INTEREST RECEIVABLE
725,000 2021 INTEREST REVENUE
725,000 2022
2,175,000 TOTAL DEPRECITION EXPENSE A INTEREST EXPENSE
PREPAID INTEREST
DEPRECIATION EXPENSE- F&F
347,500 2021 B INSURANCE EXPENSE
695,000 2022 PREPAID INSURANCE
1,042,500 TOTAL DEPRECIATION EXPENSE
C DOUBTFUL ACCOUNTS
DEPRECIATION EXPENSE-EQUIPMENT ALLOWANVE FOR DOUBTFU
93,750 2022
93,750 TOTAL DEPRECIATION EXPENSE D ADVERTISING EXPENSE
PREPAID ADVERTISING
ACCUMULATED DEPRECIATION -BUILDING
2022 725,000 E UNEARNED RENT INCOME
2021 725,000 RENT INCOME
2022 725,000
TOTAL ACCUMULATED DEPR 2,175,000 F DEPRECIATION EXPENSE-OF
ACCUMULATED DEPRECIAT
ACCUMULATED DEPRECIATION -F&F
2021 347,500 G SUPPLIES EXPENSE
2022 695,000 SUPPLIES
TOTAL ACCUMULATED DEPR 1,042,500

ACCUMULATED DEPRECIATION - EQUIPMENT

2022 93,750
TOTAL ACCUMULATED DEPR 93,750
INTEREST RECEIVABLE 8.75
INTEREST REVENUE 8.75

INTEREST EXPENSE 27
PREPAID INTEREST 27

INSURANCE EXPENSE 11,500

PREPAID INSURANCE 11,500

DOUBTFUL ACCOUNTS 700

ALLOWANVE FOR DOUBTFUL ACCOUNTS 700

ADVERTISING EXPENSE 800

PREPAID ADVERTISING 800

UNEARNED RENT INCOME 15,000

RENT INCOME 15,000
DEPRECIATION EXPENSE-OFFICE EQUIPMEN 3,500
ACCUMULATED DEPRECIATION -OFFICE EQUIPMENT 3,500

SUPPLIES EXPENSE 5,000

5,000
36535.75 36535.75