answer to requirement 1,2,3

On April 30, Precise Party Planners had a $42,000 balance in Acoounts Receivable and a $3,016 credit balance in Allowance for Uncollectible Accounts. During May, Precise made credit sales of $195,000. May collections on account were $166,000, and write-ofs of uncollectible recelvables totaled $2,820. Uncolloctible-accounts expense is estimated as 4% of credit sales. No sales returns are expected. Ignore cost of goods sold. Read the reguirements. Requirement 1. Joumalize sales, collections, write-offs of uncollectibles, and uncollectible-account expenso by the allowance method during May, Explanations are not required. (Record deblts first, then credits. Exclude explanations from any journal entries.) (a) Begin by recording the journal entry for May sales. Requirements 1. Journalize sales, collections, write-offs of uncollectibles, and uncollectible-account expense by the allowance method during May. Explanations are not required. 2. Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Receivable at May 31. How much does Precise expect to collect? 3. Show how Precise Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 31