64
Chapter 2
Accounting for Receivables
b) On May 26, 2016, Mr. Joe Black was able to repay 50% of the amount he owed, which had been
previously written off. Prepare the journal entries required to record this transaction.
Date
Account Title and Explanation
Debit
Credit
AP-8B (
2
)
On February 8, 2016, you discover that your customer, Gerome Linger, has gone bankrupt. He
owes you $910. Prepare the appropriate journal entry to write off bad debt assuming AFDA
has already been estimated and recorded in the past.
Date
Account Title and Explanation
Debit
Credit
