Cabbage White Map Company's balance sheet at December 31, 2017, reported the following (Click the icon to view the data) Read the requirements Requirement 1. How much of the receivables did Cabbage White expect to collect Stated differently, what was the net realizabie value of these receivable? The net realizable value of these receivables is SL Requirement 2. Joumalize, without explanations, 2018 entries for Cabbage White and post to the Accounts Receivable and Allowance for Bad Debts T-accounts Begin with the journal entries. (Record debits first, then credits. Exclude explanations from journal entries) a. Total credit sales for 2018 were $90,000 (ignore Cost of Goods Sold) Data Table Date Accounts and Explanation Debit Credit 2018 $ 50 000 Accounts Receivable Loss Allowance for bad debts Print Done Choose from any list or enter any number in the input fields and then continue to the next question Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: (Click the icon to view the data) Read the Post to the Accounts Receivable and Allowance for Bad Debts Taccounts. The opening balances, provided in the question have been these two accounts using the DOTSponding lottor a s posting references. After posting, calculate the unadjusted balance of each unadjusted balance on the appropriate side of each count bred for you. Po the current year transactions you recorded above to count by seeing an Urad, Bol posting forence and entering the Review the malentes you prepared above Accounts Receivabla 000 Allowance for Bad Debts 2.500 Jan 1, 2018 Jan 1.201 Requirement. Record the adjusting and to re a d posing the forewing independente ..3% of credit sales were estimated to be uncollectible. Begin by recording the entry to recognised debts Accounts and explanation Debit Credit de pat to the Bad De pend Allowance for ad Debte Taccounts Record debitofrot, then credits Exclude explanations from jumal ortres) Choose from any list or enter any number in the input fields and then continue to the next question Cabbage White Map Company's balance sheet IT (Click the icon to view the data) December 31, 2017 reported the following Read the a. 3% of credit sales were estimated to be uncollectible Enter the unadjusted balance of the Allowance for Bad Dobocount from Ragurmant 2 along with an Und Blowing reference to the first line of the Allowance for Bad Debts account. Post the adjusting entry from the preceding step to the Allowance for Bad Dobits and Bad Dobs Expanse T-a along with and posting oor Alter posting the entry calculate the adjusted balance of the accounts and onto the adjusted balance song with a "Dec 31, 2018 Balposting reference to the appropriate side of ac count Review the allowance Taccount that you posted to in Requirement 2 Allowance for Bad Debts Bad Debts Expense e b. An aging of receivables indicates that $2,700 of the receivables are stimated to be uncl explanations from ournal entries) Review the allowance Taccount that you posted in Requirement begin by conting the adjusting entry to recognize bad debts expense (Record debits first the credits Eclude Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to the data Read the Accounts and Explanation Dec 31 b. An aging of receivables indicates that $2,700 of the receivables westimated to be colectible Enter the dusted balance of the Allowance for Bad Dabiscount from Requirement along with an und Bal" posting reference to the first line of the Allowance for Bad Debit Tant Pot the adjusting entry from the preceding to the Allowance for Bad Dots and Bad Debit Expense T-accounts song with an Adiposting reference. After posting the entry calculate the adjusted wance of the accounts and enter the adjusted balance along with a "Dec 31, 2018 Blowing reference is the appropre side of each count Review the lowance T ontit you posted to in Requirement 2 Allowance for Bad Dobes Bad Debts Expense Choose from any ist or enter any number in the input fields and then continue to the next question Cabbage White Map Company's balance shoot at December 31, 2017, reported the following (Click the loon to view the data) Read the women b. An aging of receivables indicates that $2,700 of the receivables are stil l be uncollectie Enter the adjusted balance of the Allowance for Bad Debts out from Regiment 2 ong with a d e sting entry from the preceding w ith Allowance for Bad Debts and bad Debit pense T unis song with an posting enter the adjusted balance, long with a "Dec 31, 2018 Ball posting reference to the pr e side o ch account Review the towano Taccount that you posted in Requirement to the of the Allowance for Bad Debt Taccount. Post the adjusting on Alpening the entry calculate the autod e of the accounts and Allowance for Bad Debts Bad Debts Expense i Requirements How much of the receivables did Cabbage White expect to collect? Stated differently, what was the net realizable value of these receivables? Journalize, without explanations, 2018 entries for Cabbage White and post to the Accounts Receivable and Allowance for Bad Debts T-accounts. a. Total credit sales for 2018 were $90,000 (ignore Cost of Goods Sold). b. Cabbage White received cash payments on account during 2018 of $81,000. c. Accounts receivable identified to be uncollectible totaled $3,600. Record the adjusting entry to recognize bad debts expense using the following independent situations, and then post to the Bad Debts Expense and Allowance for Bad Debts T-accounts. a. 3% of credit sales were estimated to be uncollectible. b. An aging of receivables indicates that $2,700 of the receivables are estimated to be uncollectible. Print Done Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements Requirement 1. How much of the receivables did Cabbage White expect to collect? Stated differently, what was the net realizable value of these receivables? The net realizable value of these receivables is Requirement 2. Journalize, without explanations, 2018 entries for Cabbage White and post to the Accounts Receivable and Allowance for Bad Debts T-accounts Begin with the journal entries. (Record debits first, then credits. Exclude explanations from journal entries.) a. Total credit sales for 2018 were $90,000 (ignore Cost of Goods Sold). Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements. a. Total credit sales for 2018 were $90,000 (ignore Cost of Goods Sold). Date Accounts and Explanation Debit Credit 2018 b. Cabbage White received cash payments on account during 2018 of $81,000. Choose from any list or enter any number in the input fields and then continue to the next question. Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements. b. Cabbage White received cash payments on account during 2018 of $81,000. Date Accounts and Explanation Debit Credit 2018 c. Accounts receivable identified to be uncollectible totaled $3,600, Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements. c. Accounts receivable identified to be uncollectible totaled $3,600. Date Accounts and Explanation Debit Credit 2018 Post to the Accounts Receivable and Allowance for Bad Debts T-accounts. The opening balances, as provided in the and for un Drut the mironn A ntes in the Choose from any list or enter any number in the input fields and then continue to the next question. Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements Post to the Accounts Receivable and Allowance for Bad Debts T-accounts. The opening balances, as provided in the question, have been entered for you. Post the current year transactions you recorded above to these two accounts using the corresponding letters (a, b, c) as posting references. After posting, calculate the unadjusted balance of each account by selecting an "Unadj. Bal." posting reference and entering the unadjusted balance on the appropriate side of each account Review the journal entries you prepared above. Allowance for Bad Debts Accounts Receivable Jan 1, 2018, Bal. 50,000|| 2,500 Jan 1, 2018, Bal. Choose from any list or enter any number in the input fields and then continue to the next question. Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements Requirement 3. Record the adjusting entry to recognize bad debts expense using the following independent situations, and then post to the Bad Debts Expense and Allowance for Bad Debts T-accounts. a. 3% of credit sales were estimated to be uncollectible. Begin by recording the adjusting entry to recognize bad debts expense. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts and Explanation Debit Credit 2018 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question, Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements a. 3% of credit sales were estimated to be uncollectible. Enter the unadjusted balance of the Allowance for Bad Debts account from Requirement 2, along with an "Unadj. Bal." posting reference to the first line of the Allowance for Bad Debts T-account. Post the adjusting entry from the preceding step to the Allowance for Bad Debts and Bad Debts Expense T-accounts along with an "Adj," posting reference. After posting the entry, calculate the adjusted balance of the T-accounts and enter the adjusted balance, along with a "Dec 31, 2018, Bal." posting reference to the appropriate side of each account. Review the allowance T-account that you posted to in Requirement 2 Allowance for Bad Debts Bad Debts Expense Choose from any list or enter any number in the input fields and then continue to the next question. Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements b. An aging of receivables indicates that $2,700 of the receivables are estimated to be uncollectible. Begin by recording the adjusting entry to recognize bad debts expense. (Record debits first, then credits. Exclude explanations from journal entries.) Review the allowance T-account that you posted to in Requirement 2. Date Accounts and Explanation Debit Credit 2018 Dec. 31 LLL 1 Choose from any list or enter any number in the input fields and then continue to the next question. Cabbage White Map Company's balance sheet at December 31, 2017, reported the following: Click the icon to view the data.) Read the requirements Enter the unadjusted balance of the Allowance for Bad Debts account from Requirement 2, along with an "Unadj. Bal." posting reference to the first line of the Allowance for Bad Debts T-account. Post the adjusting entry from the preceding step to the Allowance for Bad Debts and Bad Debts Expense T-accounts along with an 'Adj. posting reference. After posting the entry, calculate the adjusted balance of the T-accounts and enter the adjusted balance, along with a "Dec 31, 2018, Bal." posting reference to the appropriate side of each account Review the allowance T-account that you posted to in Requirement 2. Allowance for Bad Debts Bad Debts Expense Choose from any list or enter any number in the input fields and then continue to the next question, Requirements How much of the receivables did Cabbage White expect to collect? Stated differently, what was the net realizable value of these receivables? Journalize, without explanations, 2018 entries for Cabbage White and post to the Accounts Receivable and Allowance for Bad Debts T-accounts a. Total credit sales for 2018 were $90,000 (ignore Cost of Goods Sold). b. Cabbage White received cash payments on account during 2018 of $81,000. c. Accounts receivable identified to be uncollectible totaled $3,600. Record the adjusting entry to recognize bad debts expense using the following independent situations, and then post to the Bad Debts Expense and Allowance for Bad Debts T-accounts. a. 3% of credit sales were estimated to be uncollectible. b. An aging of receivables indicates that $2,700 of the receivables are estimated to be uncollectible. 3. Print Done of i Data Table EA b with an "Un the precedin nce. After pos ec. 31, 2018, Ba, e of side S punt Accounts Receivable Less: Allowance for bad debts 50,000 2,500 Is Expense Print Done