16 of 19 (12 complete) 020 with an Accounts Receivable balance of $58,200 and an Allowance for Doubtful Accounts balance of $5,300. During the year, 5 00, including credit sales of $430,000 Cash collections on account were $429,000 during the year. ta 31, 2020. yed Data pense based At sales, (b) cat it sales recorde ntry 0-30 Days $36.000 1% Age of Accounts 31-60 61-90 Over 90 Days Days Days $7.200 $5.700 $5.900 15 8.96 60 % Total Receivables $54,800 Debl Amount of receivable Percent uncollectible Print Done ber in the input fields and then continue to the next question O ti FEB &10) 16 of 19 (12 complete) year 2020 with an Accounts Receivable balance of 558,200 and an Allowance for Doubtful Accounts balance of $5,300. During the year, 5451,000, including credit sales of $430,000. Cash collections on account were $429,000 during the year. ese data ember 31, 2020 Required e bas credit sales, credit sales red mal Entry 1. JournalizeWinding's (a) credit sales, (b) cash collections on account, (c) write-off of the accounts receivable identified as uncollectible, and (d) bad debt expense based on 0.5 percent of credit sales 2. Prepare a T-account for the Accounts Receivable and Allowance for Doubtful Accounts accounts 3. Calculate the balance in the Allowance for Doubtful Accounts based on the aging-of-accounts-receivable method 4. Make any adjustment required to the Allowance for Doubtful Accounts based on your calculation in requirement 3 5. Show how Winding Landscaping Services should report Accounts Receivable on the balance sheet Print Done ccount number in the input fields and then continue to the next question fi 9 ding Landscaping Services started the year 2020 with an Accounts Receivable balance of 558 200 and an Allowance for Doubtlul Accounts balance of $5,300. During the year, 54.400 of accounts receivable wereld ollectible Sales revenue for 2020 was $451,000 indluding credit sales of $430,000 Cash collections on account were 5429.000 during the year aging of accounts receivable yields these data (Click the icon to view the data.) L're the accountant preparing the December 31, 2020 year-end entries Quiet equirement 1. JournalizeWinding's (a) credit sales. (b) cash collections on account, (c) wiite-off of the accounts receivable identified as uncollectible, and (d) bad debt expense based on 05 percent of credit sales Hart by entering the journal entry for the credit sales recorded in 2020. (Record debits first, then credits. Exclude explanations from journal entries.) Joumal Entry Accounts Debit Credit Next journalize the collections on account Choose from any list or enter any number in the input neds and then continue to the next question 4 0 ENG 9214 2006 TI 9. O Type here to search