DEVRY ACCT 216 Week 3 Homework

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DEVRY ACCT 216 Week 3 Homework

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• 1.Classify the following items as (a) an addition
  to the bank balance, (b) a subtraction from the
  bank balance, (c) an addition to the book
  balance, or (d) a subtraction from the book
  balance
• 2.During 2013, Jimmy Enterprises completed the
  following transactionsa.Sales revenue on
  account, 550,000.b.Collections on account,
  325,000c.Write-offs of uncollectibles,
  13,000d.Uncollectible account expense, 5 of
  sales revenueRequired1.Prepare the journal
  entries for the above transactions.