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Directions: Be sure to make an electronic copy of your answer before submittingit to Ashworth College for grading. Unless otherwise stated, answer in completesentences, and be sure to use correct English spelling and grammar. Sourcesmust be cited in APA format.
Your response should be a minimum of one(1) single-spaced page to a maximum of two (2) pages in length; refer to theAssignment Format page for specific format requirements.
Part A (30 points)
Prepare general journal entries to record the following transactions for the HarrisCompany. (The company uses the balance sheet approach for recording baddebts expense.)
2010 Dec. 31 Recorded Bad Debts Expense, $800 2011Jan. 3 Wrote off Jals account as uncollectible, $60 Mar. 4 Wrote off Halls account as uncollectible, $75 Jul. 5 Recovered $45 from Hall Aug. 19 Wrote off M. Wilsons account as uncollectible, $100 Nov. 7 Recovered $25 from Jal Part B(10 points each for a possible total of 40 points)For each of the following, identify in the category to which the accountbelongs, in the normal balance for the account, in thefinancial statement that the account in which the account balance is reported,and in Column 4 the accounts nature (temporary/permanent). PRINCIPLES OF ACCOUNTING 1 109 (1)Column 1 Column 2 Column 3 Column 4 Column 1 Column 2 Column 3 Column 4 Column 1 Column 2 Column 3 Column 4 Column 1 Column 2 Column 3 Column 4 Interest payable(2) Interest receivable(3) Discount on notespayable(4) Store equipment Part C(15 points each for a possible total of 30 points)A computer server system, which had cost $210,000 and had accumulateddepreciation of $147,000, was traded for a new system with a fair market valueof $235,000. The old system and cash of $180,000 were given for the new system.Prepare the journal entry for the exchange of these similar assets.Prepare journal entries for the following for Bartz, Inc. 110 May 11 Replaced the engine in a Van

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