Accounts receivable: $142000
Allowance for bad debts(credit balance): $3000
Acct 210-Online Spring 2018 Quiz: Chapter 8 Homework. This Question: 3 pts 0 A September 30,2016, the accounts of East Tomace Medikcal Center (ETMC) inckude the following the following S 142.000 3,000 Allowance for Bad Debts (credit balance) 1 Joumaline the transactions 2 Open the Alowance for Bad Debts T-account, and post 3. Show how East Temace Medical Center should report net account Whote off accounts receivable as uncollecdtible Scaet Co $1,400, Oscar Walblers, 5800, and Pristiee Inc$300 lecting that account Keep a running balance Date 7016 Dec 28 Accounts and Explanation Debit Creda receivable on its Decersber 31, 2016, balance sheet More Int Dec 28 Whote of accounts recelvable as uncollecible Scaet Co $1,400, Oscar Waters $000, and nc $300 Dec. 31 Recorded bad delbts expense based on the aging of accounts receivable 1 Reconded bad debts expense based on the agieg of accourts nacelvable, as tolliows Accounts and Explanation Debit Credit Age of Accounts 1-30 Dys 31-60 Days 61-90 Days Over 90 Dis Dec. 31 57 000 42.000 $ 18000 $ 5m Estimated percent 30% Requirement 2. Open the Allowance for Bad Dects T account, and post ervteries affecting that account Keepa adjysting entry on the third line of the account and calkculane the December 31 adjusted balance on the last line of Allowence for Bad Debts hould report net accounts recekable an is Deceber 31,206, balance sheet Ognone the Accounts Recevable balance glven as of Septersber 30.2016 when preparieg the partial balance sheet s recelvable an s Requirement 3. Show how East Terace Medical Cenner Balance Sheet (Partial and then continue to the next question se from any ist or enter any number in the input fields Type here to search Acct 210-Online Spring 2018 Quiz: Chapter 8 Homework. This Question: 3 pts 0 A September 30,2016, the accounts of East Tomace Medikcal Center (ETMC) inckude the following the following S 142.000 3,000 Allowance for Bad Debts (credit balance) 1 Joumaline the transactions 2 Open the Alowance for Bad Debts T-account, and post 3. Show how East Temace Medical Center should report net account Whote off accounts receivable as uncollecdtible Scaet Co $1,400, Oscar Walblers, 5800, and Pristiee Inc$300 lecting that account Keep a running balance Date 7016 Dec 28 Accounts and Explanation Debit Creda receivable on its Decersber 31, 2016, balance sheet More Int Dec 28 Whote of accounts recelvable as uncollecible Scaet Co $1,400, Oscar Waters $000, and nc $300 Dec. 31 Recorded bad delbts expense based on the aging of accounts receivable 1 Reconded bad debts expense based on the agieg of accourts nacelvable, as tolliows Accounts and Explanation Debit Credit Age of Accounts 1-30 Dys 31-60 Days 61-90 Days Over 90 Dis Dec. 31 57 000 42.000 $ 18000 $ 5m Estimated percent 30% Requirement 2. Open the Allowance for Bad Dects T account, and post ervteries affecting that account Keepa adjysting entry on the third line of the account and calkculane the December 31 adjusted balance on the last line of Allowence for Bad Debts hould report net accounts recekable an is Deceber 31,206, balance sheet Ognone the Accounts Recevable balance glven as of Septersber 30.2016 when preparieg the partial balance sheet s recelvable an s Requirement 3. Show how East Terace Medical Cenner Balance Sheet (Partial and then continue to the next question se from any ist or enter any number in the input fields Type here to search
