- 9-2/9-4 please help with these questions. Please use word or excel. Thank you
\f2:333\": ' Apr; 6: Reinstated the account uf muia Spitler and received $4,400 cash in full payment. \fHide Apr. 6: Reinstated the account of Ian Kearns and received $4,390 cash in full payment. E= 1 Emma W'[ Animated ear, gnmuntsnecewable has a balance of $745,000; ' estimated at 1/4 of 1% of net sales. e'a'djusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. ' w.' 'Aninmted Example Exercigg ear. mnmixhls has a balance of $475300; A'MEEFE _f9.r. mew-almvm has a debit balance of HM ethbd, the balance of Alluwance for Doubtful Accounts is estimated as $23,000. {ZZI lug of accounts receivable. Exercise 9-04 mbmndc \fhad estimates the uncollectible accounts receivable at the end of the period and records Bad Debt Expense d debt expense is recorded, the company! - Select your answer- I iwhich customer accounts will be uncollectlhleg' 'er 1 be decreased. The estimate of uncollectible accounts is recorded as a - Select your answer- v to All a ry 1 ZOXI. The company has an accounts receivable balance of $398 200 at th Teddy estimates that $23,130 of the December 31 account re ' 'gan operations on Janua 5!; due accounts. Based on industry averages, I which customer accounts will become uncollectible. 'thg Bad Debt Expense will be matched against _ and represents the amount that the company\" s_: Accounts Receivable $398,200 1 g 'AllowanceforDo'ubtfulAccounts ' ,M ' 1/1/x1 adjusting entry 12/31/x1 .,H mm. I = :1 \f' l'zable value of Dacher's Accoun ts Receivablg on January: 31',' 20);? fqlln Ing'he'writ'a-dff'of hunts Receivable that Dacher Company writes off increases, the balance'in the Ahlowanc ts Receivable that Dacher Company writes off increases; the net realizable;- value wing \"mime an estimate of uncollectible accounts at the end of the period. This estimate is normally based on past expeden' to total sales nemains constant, the -may be applied to estimate bad debt expense.' a Business Transaction method is a calmlation the amount of that is reported on the r- 5 A that will become uncollectible. 'thefdlowing data on December 31,20X1, before any adjustments: Demmber 31 $320,900 debit Accounts, December 31 $21,400 credit $4,040,000 n nfcredit sales 0.51% unte Receivable and Allowance for Doubtful Accounts on December 31, 20X1, before adjusting entn ,' showmg the balance in Jake Company's Accounts Receivable and Allowance for Doubtful Accounts afte' ' ' l ' ' l Accounts Receivable ' 1 l l ' ' ~ . 320,900' H H ' c '1\" ' ' Allowance for Doubtful Accounts ill/X1 adjusting entry 12/31/X1 ' Dunk of Bad Debt Expense that Jake Company should report on its ZOXI income statememg'.' , de on December 31, 20x1.
