59
Chapter 2
Accounting for Receivables
b) Prepare the journal entry for the year-end adjustment, if required.
Date
Account Title and Explanation
Debit
Credit
c) Prepare the journal entry to record the dishonored note by Henry Company on September
30, 2016.
Date
Account Title and Explanation
Debit
Credit
d) On April 30, 2017 Ashley decided to write off the amount outstanding from Henry
Company. Prepare the journal entry to record the transaction.
Date
Account Title and Explanation
Debit
Credit
