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can you please answers part d thank you! At December 31, 2019, Skysong Ca reported the following information on its balance sheet Accounts receivable Less:
can you please answers part d thank you!
At December 31, 2019, Skysong Ca reported the following information on its balance sheet Accounts receivable Less: Allowance for doubtful accounts $950,100 78,300 During 2020, the company had the following transactions related to receivables 1 2. 3 4 5 Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $3.729.700 50,300 2.811.600 88,100 28.600 (a) Your answer is correct Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually No Account Titles and Explanation Debit Credit 1 Accounts Receivable 3.729.700 Sales Revenue 3.729.700 2 Sales Returns and Allowance 50.300 Accounts Receivable 50.300 3 Casti 2.811600 Accounts Receivable 2011.600 Allowance for Doubtful Accounts 38.100 Accounts Receivable 38.100 Accounts Receivable 211.600 Allowance for Doubtful Accounts foreverse account previously written oft) 2.300 Account cavab (To record the collection of accounts receivable) Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accountsuse T-accounts, and determine the balances Post entries in the order of journal entries presented in the previous part) Accounts Receivable Bal 95.100 50.300 1 V 3.729,700 211.600 5 2010 4 2100 al 1729.00 Allowance for Doubtful Accounts 100 Bol V DOO e Textbook and Media Assistance Used List of Accounts Attempt 2 of 3 used Id Your answer is correct Prepare the journal entry to record bad debt expense for 2020, assuming that pe of accounts receivable indicates that expected had debts are $115.000. (Credit account in automatically indeed when amount is enter. Denetinental Account Titles and Explanation Debit Credit 200 Textbook and Media List of Accounts Attempt 2 of used Compute the accurate for 2000 hexpected to provided into Honda 1 Step by Step Solution
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