310 7 30 140 150 160 170 18CY 21 23 240 251% 26 27 A company...

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310 7 30 140 150 160 170 18CY 21 23 240 251% 26 27 A company reported the following information on its year end unadjusted trial balance: Total Credit Sales for the Year $750,000 Sales Returns and Allowances Accounts Receivable Balance Allowance for Doubtful Accounts (Credit Balance) 25,000 255,000 4,500 The company uses the allowance method to account for bad debts. Please complete the appropriate journal entries IN GOOD FORM for the following transactions. (Indicate the transaction's journal entry by the number of the transaction: 1; 2; 3) SHOW ALL COMPUTATIONS (After the account name in parentheses or below the appropriate journal entry marked with asterisk) Example below: Debit Accounts (### x ###) or Credit Accounts Debit Accounts Credit Accounts *(x) 1) Estimate the Bad Debts Expense using the percentage of receivables method. Management estimates that 12% of accounts receivable will become uncollectible 2) $3,000 of accounts receivable are written off. 3) $1,200 of the amount previously written-off has been recovered due to the customer paying the amount submit. Click Save All Answers to save all answers. Save All Answers Seve and Subr 310 7 30 140 150 160 170 18CY 21 23 240 251% 26 27 A company reported the following information on its year end unadjusted trial balance: Total Credit Sales for the Year $750,000 Sales Returns and Allowances Accounts Receivable Balance Allowance for Doubtful Accounts (Credit Balance) 25,000 255,000 4,500 The company uses the allowance method to account for bad debts. Please complete the appropriate journal entries IN GOOD FORM for the following transactions. (Indicate the transaction's journal entry by the number of the transaction: 1; 2; 3) SHOW ALL COMPUTATIONS (After the account name in parentheses or below the appropriate journal entry marked with asterisk) Example below: Debit Accounts (### x ###) or Credit Accounts Debit Accounts Credit Accounts *(x) 1) Estimate the Bad Debts Expense using the percentage of receivables method. Management estimates that 12% of accounts receivable will become uncollectible 2) $3,000 of accounts receivable are written off. 3) $1,200 of the amount previously written-off has been recovered due to the customer paying the amount submit. Click Save All Answers to save all answers. Save All Answers Seve and Subr