1.Provide journal entry for Feb 1,2008

2.Provide the year end balance of accounts reciavable and then determine the amount of accounts receivables ovee 120 days.

3. Provide the year-end balance of allowancdebfor uncolllectible accounts in 2008.

4.Calculate bad debt expense and provide the adjusting entry to record bad debt expense on Dec 31,2018.

5.Determine amount of Net Reliable Value (NRV) of accounts recivable at the END of 2008

The following events occurred for DDanzi Co. during 2008. 1. January 1, 2008 The beginning balance of accounts receivable is $1,500. The beginning balance for allowance for uncollectible accounts is $220 (credit). 2. February 1, 2008 Wrote off $60 of accounts receivable that were deemed uncollectible. 3. August 1, 2008 Provided $6,540 of services on account. 4. September 1,2008 Collected $5,400 cash from accounts receivable. 5. December 31, 2008 Bad debt expense is estimated by the balance sheet method. A summary of DDanzi Company's December 31, 2008, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group Age Group Amount % 0-60 days $1800 5 61-90 days 400 10 91-120 days 300 20 Over 120 days 2?? 50 Booule When solving this problem, I strongly encourage to use T-accounts for accounts receivable and allowance for uncollectible account in your computational scrap paper