Answer:
May 1
Dr Cost of merchandise sold $9,600
Cr Merchandise inventory $9,600
Aug. 30
Dr cash $2,800
Dr Allowance for doubtful accounts $10,600
Cr accounts receivable-peking palace co $13,400
Dec. 8
Dr Accounts receivable - peking palace co $10,600
Cr Allowance for doubtful accounts $10,600
Explanation:
Preparation of the journal entries in the accounts of Arizona Interiors Company
May 1
Dr Cost of merchandise sold $9,600
Cr Merchandise inventory $9,600
Aug. 30
Dr cash $2,800
Dr Allowance for doubtful accounts $10,600
($13,400-$2,800)
Cr accounts receivable-peking palace co $13,400
Dec. 8
Dr Accounts receivable - peking palace co $10,600
Cr Allowance for doubtful accounts $10,600
