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Option #1- Mod 6- ReceivablesSmith Company- December 31, 2014Students TemplateQuestion 1:Journal#DateAccount Title120-Feb Allowance for doubtful accountsJones- Accounts receivable(Being doubtful debts written off - Jones)234Debit$7,250Credit$7,25020-May Cash$4,050Allowance for doutful accounts$3,950Garcia- Accounts receivable(Being partial payment received and balance unpaid written off - Garcia)10-Aug Jones- Accounts receivable$7,250Allowance for doutful accounts(Being reversal of doubtful debts previously written off)Cash$7,250Jones- Accounts receivable(

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