Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below.
$$\begin{array} { c c c c c c }
\text { Situation } & \begin{array} { c }
\text { Sales } \
\text { revenue }
\end{array} & \begin{array} { c }
\text { Accounts } \
\text { receivable } \
\text { inc (dec) }
\end{array} & \begin{array} { c }
\text { Bad debt } \
\text { expense } \
\text { inc (dec) }
\end{array} & \begin{array} { c }
\text { Allowance for } \
\text { uncollectible } \
\text { Accounts inc }
\end{array} & \begin{array} { c }
\text { Cash received } \
\text { from customers }
\end{array} \
\hline 1 & 200,000 & 10,000 & 0 & 0 & \
2 & 200,000 & ( 10,000 ) & 0 & 0 & \
3 & 200,000 & ( 10,000 ) & 2,000 & 1,000 & \
4 & 200,000 & 10,000 & 2,000 & ( 1,000 ) &
\end{array}$$

Question

Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below.
 $$\begin{array} { c c c c c c } 
\text { Situation } & \begin{array} { c } 
\text { Sales } \
\text { revenue }
\end{array} & \begin{array} { c } 
\text { Accounts } \
\text { receivable } \
\text { inc (dec) }
\end{array} & \begin{array} { c } 
\text { Bad debt } \
\text { expense } \
\text { inc (dec) }
\end{array} & \begin{array} { c } 
\text { Allowance for } \
\text { uncollectible } \
\text { Accounts inc }
\end{array} & \begin{array} { c } 
\text { Cash received } \
\text { from customers }
\end{array} \
\hline 1 & 200,000 & 10,000 & 0 & 0 & \
2 & 200,000 & ( 10,000 ) & 0 & 0 & \
3 & 200,000 & ( 10,000 ) & 2,000 & 1,000 & \
4 & 200,000 & 10,000 & 2,000 & ( 1,000 ) &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below.
 $$\begin{array} { c c c c c c } 
\text { Situation } & \begin{array} { c } 
\text { Sales } \
\text { revenue }
\end{array} & \begin{array} { c } 
\text { Accounts } \
\text { receivable } \
\text { inc (dec) }
\end{array} & \begin{array} { c } 
\text { Bad debt } \
\text { expense } \
\text { inc (dec) }
\end{array} & \begin{array} { c } 
\text { Allowance for } \
\text { uncollectible } \
\text { Accounts inc }
\end{array} & \begin{array} { c } 
\text { Cash received } \
\text { from customers }
\end{array} \
\hline 1 & 200,000 & 10,000 & 0 & 0 & \
2 & 200,000 & ( 10,000 ) & 0 & 0 & \
3 & 200,000 & ( 10,000 ) & 2,000 & 1,000 & \
4 & 200,000 & 10,000 & 2,000 & ( 1,000 ) &
\end{array}$$

Prepare the Summary Entries Necessary to Determine the Amount of Cash