Problem 8-2B (a) Journalize the transactions, including explanations. (Note, enter all accounts in one box. The dates have been included to help with formatting). Date Account Titles and Explanation Debit Credit 1 2 3 4 5 (b) Enter the January 1, 2014 balances in Accounts Receivable and Allowance for Doubtful Accounts. Post the transactions to the ledger T Accounts Be sure to post the amounts to the correct side of the T-Account! Accounts Receivable Bal.   (2) (1) (3) (5) (4) (5) Bal. Allowance for Doubtful Accounts (4) Bal. (5) Bal. (c) Prepare the journal entry to record bad debt expense for 2014, assuming that aging the accounts receivable indicates that expected bad debts are $140,000. Balance needed $ Balance before adjustment [see (b)] Adjustment required $ The journal entry would therefore be as follows: (d) Accounts Receivable Turnover Ratios: Enter your answer here Average Collection Period: Enter your answer here Problem 8-6B (a) Journalize the transactions, including explanations. (Note, enter all accounts in one box. The dates have been included to help with formatting). Date Account Titles and Explanation Debit Credit 5 20 Feb 18 Apr 20 30 May 25 Aug 18 Sept. 1 Problem 9-2B (a) Journalize the transactions, including explanations. (Note, enter all accounts in one box. The dates have been included to help with formatting). If there are two entries for the same day, then you do not need to enter the date again. Date Account Titles and Explanation Debit Credit April 1 May 1 May 1 June 1 Sept 1 PART B Dec 31 31 (c) Partial Balance Sheet TONG CORPORATION Partial Balance Sheet December 31, 2014 Assets Plant assets Account title Amount Account title Amount Account title Amount Account title (or contra account) Amount Total plant assets Amount Problem 9-7B (a) BUS 1 Year Computation Accumulated Depreciation Amount Amount Amount BUS 2 Year Computation Accumulated Depreciation Amount Amount Amount BUS 3 Year Computation Accumulated Depreciation Amount Amount Amount (b) BUS 2 Year Depreciation Expense Amount Amount .

1. Problem 8-2B
(a) Journalize the transactions, including explanations. (Note,
enter all accounts in one box. The dates have been included to
help with formatting).
Date
Account Titles and Explanation
Debit
Credit
1
2

2. 3
4

3. 5
(b) Enter the January 1, 2014 balances in Accounts Receivable
and Allowance for Doubtful Accounts. Post the transactions to
the ledger T Accounts
Be sure to post the amounts to the correct side of the T-
Account!
Accounts Receivable
Bal.
(2)
(1)
(3)
(5)
(4)
(5)
Bal.

4. Allowance for Doubtful Accounts
(4)
Bal.
(5)
Bal.
(c) Prepare the journal entry to record bad debt expense for
2014, assuming that aging the accounts receivable indicates that
expected bad debts are $140,000.
Balance needed $
Balance before adjustment [see (b)]
Adjustment required $
The journal entry would therefore be as follows:
(d) Accounts Receivable Turnover Ratios:
Enter your answer here
Average Collection Period:
Enter your answer here

5. Problem 8-6B
(a) Journalize the transactions, including explanations. (Note,
enter all accounts in one box. The dates have been included to
help with formatting).
Date
Account Titles and Explanation
Debit
Credit
5
20

6. Feb 18
Apr 20

7. 30
May 25
Aug 18

8. Sept. 1

9. Problem 9-2B
(a) Journalize the transactions, including explanations. (Note,
enter all accounts in one box. The dates have been included to
help with formatting).
If there are two entries for the same day, then you do not need
to enter the date again.
Date
Account Titles and Explanation
Debit
Credit
April 1
May 1

10. May 1

11. June 1
Sept 1
PART B

12. Dec 31
31

13. (c) Partial Balance Sheet
TONG CORPORATION
Partial Balance Sheet
December 31, 2014
Assets
Plant assets
Account title
Amount
Account title
Amount
Account title
Amount
Account title (or contra account)
Amount
Total plant assets
Amount

14. Problem 9-7B
(a)
BUS 1
Year
Computation
Accumulated Depreciation
Amount
Amount
Amount
BUS 2
Year
Computation
Accumulated Depreciation

15. Amount
Amount
Amount
BUS 3
Year
Computation
Accumulated Depreciation
Amount
Amount
Amount
(b)
BUS 2
Year
Depreciation Expense
Amount
Amount