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Grover Inc. uses the allowance method to account for uncollectible accounts expense. Grover, Inc. experienced the following four accounting events in 2016:
1. Recognized $92,000 of revenue on account.
2. Collected$78,000 cash from accounts receivable.
3. Wrote off uncollectible accounts of $720.
4. Recognized uncollectible accounts expense. Grover estimated that uncollectible accounts expense will be 1 percent of sales on account.
Record the above transactions in general journal form.
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