Allowance for Uncollectible Accounts 12,830 Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with...

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Allowance for Uncollectible Accounts 12,830 Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from Requirement 1 to that account. Open the T-account by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts T-account and calculate the ending balance. Allowance for Uncollectible Accounts Data table More info Nov 30 Data table At September 30, 2022: Accounts Receivable $ 250,000 Allowance for Uncollectible Accounts (8,300) Wrote off as uncollectible the $1,400 account receivable from Blue Carpets and the $300 account receivable from Good Antiques. Dec 31 Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Print Done - Accounts Receivable and aging schedule to be used at December 31, 2022 Accounts Receivable $236,000 Estimated percent uncollectible Requirements $ 43,000 $ 2% Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days 135,000 $ 48,000 0.2% 10,000 $ 15% 35% 1. Record the transactions for the last quarter of 2022 in the journal. Explanations are not required. 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account. 3. Show how Perfecto Communications will report its accounts receivable in a comparative balance sheet for 2021 and 2022. (Use the three-line reporting format.) At December 31, 2021, the company's Accounts Receivable balance was $210,000, and the Allowance for Uncollectible Accounts stood at $4,800 credit balance. (Be sure to use the December 31, 2022 aging schedule given in the problem data.) Print Done - Allowance for Uncollectible Accounts 12,830 Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from Requirement 1 to that account. Open the T-account by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts T-account and calculate the ending balance. Allowance for Uncollectible Accounts Data table More info Nov 30 Data table At September 30, 2022: Accounts Receivable $ 250,000 Allowance for Uncollectible Accounts (8,300) Wrote off as uncollectible the $1,400 account receivable from Blue Carpets and the $300 account receivable from Good Antiques. Dec 31 Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Print Done - Accounts Receivable and aging schedule to be used at December 31, 2022 Accounts Receivable $236,000 Estimated percent uncollectible Requirements $ 43,000 $ 2% Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days 135,000 $ 48,000 0.2% 10,000 $ 15% 35% 1. Record the transactions for the last quarter of 2022 in the journal. Explanations are not required. 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account. 3. Show how Perfecto Communications will report its accounts receivable in a comparative balance sheet for 2021 and 2022. (Use the three-line reporting format.) At December 31, 2021, the company's Accounts Receivable balance was $210,000, and the Allowance for Uncollectible Accounts stood at $4,800 credit balance. (Be sure to use the December 31, 2022 aging schedule given in the problem data.) Print Done -