BE8-1 Presented below are three receivables transactions. Indicate whether these receiv ables are reported as accounts receivable, notes receivable, or other receivables on a state- ment of financial position. (a) Sold merchandise on account for W64,000,000 to a customer (b) Received a promissory note of W57,000,000 for services performed. c) Advanced W8,000,000 to an employee. Identify different types of 1) BE8-2 Record the following transactions on the books of Galaxy Co. (a) On July I. Galaxy Co. sold merchandise on account to Kingston Inc. for $17.200, able ransactions Record basic accounts terms 2/10, n/30. (b) On July 8, Kingston Inc. returned merchandise worth $3,800 to Galaxy Co c)On July 11, Kingston Inc. paid for the merchandise. BEB-3 During its first year of operations, Energy Company SE had credit sales of Prepare entry forll 3,000,000, 600,000 remained uncollected at yearend. The credit manager estimates method and partial sta that 28,000 of these receivables will become uncollectible (a) Prepare the journal entry to record the estimated uncollectibles b) Prepare the current assets section of the statement of financial position for Energy of financial post 3,9) Company. Assume that in addition to the receivables it has cash of 90,000, inventory of e11s,000, and prepaid insurance of e7,s00 BE8-4 At the end of 2017, Endrun Ltd. has accounts receivable of 700,000 and an allow Prpore entry for wieoff ance for doubtful accounts of S4,000. On January 24, 2018, the company learns that its detemine cash reali receivable from Marcello is not collectible, and management authorizes a write-off of 6,200 (a) Prepare the journal entry to record the write-off b) What is the cash realizable value of the accounts receivable (1) before the write-off and LO 3 (2) after the write-off BE8-5 Assume the same information as BE8-4. On March 4,2018, Endrun Ltd. receives Prepare entries for collection payment of E6,200 in full from Marcello. Prepare the journal entries to record this ofbod deb wrie off transaction LO 3