Question

Q. Journalising accounts receivable entries
Using your text as a resource, show the journal entries needed to show sales on credit, the collection of part of the amount owing, the write off of accounts receivable, the reinstatement of an amount written off and the collection in full of the amount owing. Create your own numbers. A spreadsheet is not required.

Answer 1

Journal entries
Sales on credit
Date	Account Titles	Debit	Credit
	Accounts Receivables	$10,000.00
	Sales		$10,000.00
The collection of part of the amount owing
Date	Account Titles	Debit	Credit
	Cash	$9,000.00
	Accounts Receivables		$9,000.00
The write off of accounts receivable,
Date	Account Titles	Debit	Credit
	Allowance for doubtful accounts	$1,000.00
	Accounts Receivables		$1,000.00
The reinstatement of an amount written off
Date	Account Titles	Debit	Credit
	Accounts Receivables	$1,000.00
	Allowance for doubtful accounts		$1,000.00
The collection in full of the amount owing
Date	Account Titles	Debit	Credit
	Cash	$1,000.00
	Accounts Receivables		$1,000.00