Question

Journalize the transactions related to accounts receivable for Starsky Company for the year 2020, based on the given information.

Answer 1

To journalize transactions related to accounts receivable for Starsky Company in 2020, follow these steps: identify relevant transactions, create journal entries, record dates, accounts, and amounts, and post entries to the general ledger.

Step-by-step explanation:

To journalize the transactions related to accounts receivable for Starsky Company for the year 2020, you would need to record all the transactions that involve the company's accounts receivable. Here are the steps to journalize these transactions:

1. Identify the transactions that involve accounts receivable, such as sales on credit or collection of receivables.
2. Create a journal entry for each transaction, with the appropriate debits and credits.
3. Record the date of the transaction, the accounts affected, and the amounts.
4. Post the journal entries to the appropriate accounts in the general ledger.

For example, if Starsky Company made a sale on credit to a customer for $1,000, you would debit Accounts Receivable for $1,000 and credit Sales for $1,000 in the journal entry.