(Solution) - Simon Company of Bathurst completed the following transactions Additional Data Required a Journ -(2025 Original AI-Free Solution)

Paper Details

Simon Company of Bathurst completed the following transactions:

Additional Data
Required
a. Journalize the transactions.
b. Post to Allowance for Doubtful Accounts, Income Summary, or Bad Debts Expense as needed. (Be sure to record the beginning balance in the allowance account in your workbook.)
c. Prepare a current assets section of the balance sheet. Ending balances needed: Cash, $13,000; Accounts Receivable, $160,000; Office Supplies, $2,110; Merchandise Inventory, $103,000; Prepaid Rent, $1,250; and your calculated balance for Allowance for Doubtful Accounts.