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( a ) Reinstatement ( b ) Collection 4 . Assume that on March 4 , 2 0 Y 8 , Averys All - Natural

(a) Reinstatement
(b) Collection4. Assume that on March 4,20Y8, Averys All-Natural wrote off the $2,950 account of Superior Images as uncollectible. Illustrate the effect on the accounts and financial statements of the write-off of the Superior Images account.
If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.
Balance Sheet
Assets = Liabilities + Stockholders' Equity
-
=
+
20Y8 Mar. 4 fill in the blank 30
fill in the blank 31
fill in the blank 32
fill in the blank 33
Statement of Cash Flows Income Statement
fill in the blank 35
fill in the blank 37
5. Assume that on August 17,20Y8, Superior Images paid $2,950 on its account. Illustrate the effect on the accounts and financial statements of reinstating and collecting the Superior Images account.
(a) Reinstatement
If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.
Balance Sheet
Assets = Liabilities + Stockholders' Equity
-
=
+
20Y8 Aug. 17 fill in the blank 42
fill in the blank 43
fill in the blank 44
fill in the blank 45
Statement of Cash Flows Income Statement
fill in the blank 47
fill in the blank 49
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