A B D E F G H Imn 1 At the beginning of the ye, AA prepared the Aging of Accounts Receivable Schedule Complete the table Customer Amount Current (Not Yet Duel Number of Days Past Due 30-60 1-30 $ 60,000 Over 90 CC DD 5 60,000 $ 60,000 60,000 40,000 50,000 40,000 $ 250,000 $ 40,000 FF 2 GG 3 Total Parcentage considered uncollectible 5 Estimated Uncollectible Accounts $ 50,000 $ 60,000 256 $ 60,000 5% $40.000 10% $ 40,000 540.000 15% 550.000 2016 7 AA had previous balance of Allowance for Doubtful Accounts (53,700). How much do they have to add to match the estimated collectible count? In other words, how much should be added to match the estimated amount you called shove? 35 lat Please complete the journal entry to add the amount that you calledbove to the allowance for DA 26 37 Date Esplanation Debit Credit 18 49 50 51 52 53 1 Post the allowance for dechtful counts entries in Taccount and show the balance 54 Dont forget the chalam 55 Allow for Dofol Account 56 57 58 59 60 61 Company A do to Be (54,600 63 Joumala this tradice Sheet Sheet2 + 62 M 4 W P MacBod Merge Pasto G H Cut A B C D E 61 62 M1 Copy AA sold rooms to Ho (54,000) 63 Jumalyne this to 64 65 Date Explanation Debit 66 67 68 69 70 71 Mar 31 Compy AA found that the scent movable for a w collectible 72 Joumalyar this transaction based on allowance method 73 74 Date Explanation Debit 75 76 77 78 Credit 80 M3 Port the account rodiyable entries in T-account, and show the balance at the end of March 312 81 82 Acounts Receivable 83 84 85 86 87 88 89 Apeil 5. BB sotified that they would pay a Sor their debe 90 Thad you need to move the previous joumal entry to get accounts recibe back 91 92 Dobit Credit 93 94 95 96 97 April : Anvel cast and dad the racevable to 98 Jumaly this ration 99 100 Chatil 101 102 Sheet Sheet2 + g W Home Draw PAGE LAYOUT Formulas Data Revlon View Wales H3510 3 Merges F G H A B c D E 89 April 5. Be notified that they would pay and for their debt 90 Therefore, you need to reverse the previous why to get accounts receivable back 91 92 Date Explotion Dahil 93 94 Credit 96 97 April 5. AA celed cash and cleared the receivable from BB 98 Jumala this traction 99 200 Date Explanation 101 Det Credit 102 103 104 105 106 107 108 109 Part II: Notes Receivable 110 111 May 1. A sold room to CC (56,000) moved not table intereste 18%, time: 3 months) 112 Journalize this traction 113 De Esplanation Dahit Credit 114 115 116 117 118 When is the maturity 119 120 121 How much is the monthly interest 122 123 124 What is the maturity value 125 126 127 May 31 Mayowende May 31 128 Kecond the writeriloctinent May 129 Sheet1 Sheet2 + OW F G A B C D E 127 May 31. AA's fiscal year ends on May 31. 128 Record the adjusting entries to reflect interest income and interest receivable on May 31. 129 130 Date Explanation Debit 131 132 Credit 133 On maturity date, BB paid cash to AA for note. Complete journal entry at the maturity date. Debit Credit Date Explanation 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 A B D E F G H Imn 1 At the beginning of the ye, AA prepared the Aging of Accounts Receivable Schedule Complete the table Customer Amount Current (Not Yet Duel Number of Days Past Due 30-60 1-30 $ 60,000 Over 90 CC DD 5 60,000 $ 60,000 60,000 40,000 50,000 40,000 $ 250,000 $ 40,000 FF 2 GG 3 Total Parcentage considered uncollectible 5 Estimated Uncollectible Accounts $ 50,000 $ 60,000 256 $ 60,000 5% $40.000 10% $ 40,000 540.000 15% 550.000 2016 7 AA had previous balance of Allowance for Doubtful Accounts (53,700). How much do they have to add to match the estimated collectible count? In other words, how much should be added to match the estimated amount you called shove? 35 lat Please complete the journal entry to add the amount that you calledbove to the allowance for DA 26 37 Date Esplanation Debit Credit 18 49 50 51 52 53 1 Post the allowance for dechtful counts entries in Taccount and show the balance 54 Dont forget the chalam 55 Allow for Dofol Account 56 57 58 59 60 61 Company A do to Be (54,600 63 Joumala this tradice Sheet Sheet2 + 62 M 4 W P MacBod Merge Pasto G H Cut A B C D E 61 62 M1 Copy AA sold rooms to Ho (54,000) 63 Jumalyne this to 64 65 Date Explanation Debit 66 67 68 69 70 71 Mar 31 Compy AA found that the scent movable for a w collectible 72 Joumalyar this transaction based on allowance method 73 74 Date Explanation Debit 75 76 77 78 Credit 80 M3 Port the account rodiyable entries in T-account, and show the balance at the end of March 312 81 82 Acounts Receivable 83 84 85 86 87 88 89 Apeil 5. BB sotified that they would pay a Sor their debe 90 Thad you need to move the previous joumal entry to get accounts recibe back 91 92 Dobit Credit 93 94 95 96 97 April : Anvel cast and dad the racevable to 98 Jumaly this ration 99 100 Chatil 101 102 Sheet Sheet2 + g W Home Draw PAGE LAYOUT Formulas Data Revlon View Wales H3510 3 Merges F G H A B c D E 89 April 5. Be notified that they would pay and for their debt 90 Therefore, you need to reverse the previous why to get accounts receivable back 91 92 Date Explotion Dahil 93 94 Credit 96 97 April 5. AA celed cash and cleared the receivable from BB 98 Jumala this traction 99 200 Date Explanation 101 Det Credit 102 103 104 105 106 107 108 109 Part II: Notes Receivable 110 111 May 1. A sold room to CC (56,000) moved not table intereste 18%, time: 3 months) 112 Journalize this traction 113 De Esplanation Dahit Credit 114 115 116 117 118 When is the maturity 119 120 121 How much is the monthly interest 122 123 124 What is the maturity value 125 126 127 May 31 Mayowende May 31 128 Kecond the writeriloctinent May 129 Sheet1 Sheet2 + OW F G A B C D E 127 May 31. AA's fiscal year ends on May 31. 128 Record the adjusting entries to reflect interest income and interest receivable on May 31. 129 130 Date Explanation Debit 131 132 Credit 133 On maturity date, BB paid cash to AA for note. Complete journal entry at the maturity date. Debit Credit Date Explanation 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167