Answer:
Explanation:
Date Description Post. Ref. Debit Credit Assets Liabilities Equity
1 Mar.29 Notes receivable 30000 30000
2 Accounts receivable-Karie Platt 30000 -30000
3 Apr.30 Notes receivable 24000 24000
4 Accounts receivable-Jon Kelly 24000 -24000
5 May.28 Accounts receivable-Karie Platt 30250 30250
6 Notes receivable 30000 -30000
7 Income Summary ($30000 x 5% x 60/360) 250 250
8 Jun.29 Accounts receivable-Jon Kelly 24320 24320
9 Notes receivable 24000 -24000
10 Income Summary ($24000 x 8% x 60/360) 320 320
11 Aug.26 Cash 30855 30855
12 Accounts receivable-Karie Platt 30250 -30250
13 Income Summary ($30250 x 8% x 90/360) 605 605
14 Oct.22 Allowance for Doubtful Accounts 24320 24320
15 Accounts receivable-Jon Kelly 24320 -24320
163745 163745 1175 0 1175
