5 Chipman Sofware recently reported the following amounts in its unadjusted trial balance at its year-end: Debits $3,800 Credits Accounts Receivable Allowance for Doubtful Accounts Sales (assume all on credit) 30 52,000 20 points Required 1. Prepare the adjusting journal entry required for the year. Assume Chipman uses 1/2 of 1 percent of sales to estimate its Bad Debt 2. Prepare the adjusting journal entry required for the year. Assume instead that Chipman uses the aging of accounts receivable 3. Assume instead that Chipman uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable Skipped Expense for the year. method and estimates that $88 of its Accounts Receivable will be uncollectible will be uncollectible. Prepare the year-end adjusting journal entry for recording Bad Debt Expense. Assume Chipman's year-end Print unadjusted balance in Allowance for Doubtful Accounts was a debit balance of $28 References 4. If one of Chipman's main customers declared bankruptcy after year-end, what journal entry would be used to write off its $10 balance? Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3Required 4 Prepare the adjusting journal entry required for the year. Assume Chipman uses 1/2 of 1 percent of sales to estimate its Bad Debt Expense for the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answer to the nearest whole dollar.) View transaction list Complete this question by entering your answers in the tabs b Required 1Required 2Required 3 Required 4 Prepare the adjusting journal entry required for the year. Assume Chipman uses 1/2 of 1 percent of sales to estimate its Bad Debt Expense for the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answer to the nearest whole dollar.) View transaction list Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs b Required 1 Required 2 Required 3 Required 4 Prepare the adjusting journal entry required for the year. Assume instead that Chipman uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable will be uncollectible. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the entry for bad debt expenses under the aging of accounts receivable method. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required! Required 3> Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assume instead that Chipman uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable will be uncollectible. Prepare the year-end adjusting journal entry for recording Bad Debt Expense. Assume Chipman's year-end unadjusted balance in Allowance for Doubtful Accounts was a debit balance of $28. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Show less View transaction list Journal entry worksheet Record the adjusting entry for bad debts, using the aging of accounts receivable method. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required 2 Required4 equired 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If one of Chipman's main customers declared bankruptcy after year-end, what journal entry would be used to write off its $10 balance? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the write-off certain customer account which is not collectible due to bankruptcy declared by the customer totaling $10 Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Required 3 Required 4