Chapter 5 Homework - Goo: X Student Home IWCU Home Blackboard 112-3FVatxMGC2EADZ:48KC21SATDIWelfl1bfst6Gk/edit Add-ons Help Last edit was seconds ago Calibri 12 BIVA CO Inl S 6 CHAPTER 5 HOMEWORK: Blocker Company estimates its uncollectible accounts based on an analysis of receivables. On December 31, a junior accountant prepared the following aging schedule for the company's $88,000 in outstanding receivables Age Interval Not Due 1 30 days past due 31-60 days past due 61-90 days past due Crver 90 days past due Total Amount $58,650 13,220 8,930 4,000 3.200 $88,000 2% 4% 20% 30% 50% Estimated Uncollectible 1173 529 1786 1200 1600 6288 The Allowance for Uncollectible Accounts currently has a $210 debit balance. 1. Prepare the adjusting entry to record the company's estimate of uncollectible accounts. Date Accounts DR CR 2. Prepare the journal entry to write off the following accounts: T. Donaldson S 700 J.Kyle 450 O Chapter 5 Homework - Goox Student Home WCU Home Black d/112-3FVatxMGC2EADZ248KC215ATDIWelF1bfst6Gk/edit ols Add-ons Help Last edit was 2 minutes ago . Calibri 12 CD E E !!!! 2 3 2. Prepare the journal entry to write off the following accounts: T. Donaldson $ 700 J.Kyle. 450 D. Mize. 1,000 Date Accounts DR CR 3. Prepare the journal entry to record receipt of the $450 owed by J. Kyle. Date Accounts DR CR OBH Estate Chapter 5 Homework Goox WC Home - Blackhardt X 1/d/112-3FVatxMGC2EADZ248KC21SATDIWelfltbfst6Gk/edit ools Add-ons Help Last edit was 2 minutes ago xt Calibri 12 BIVA GD - 15 E - lil 2 3 4. You are given the following information related to XYZ Corporation: Credit Sales $1,000,000 Ending Accounts Receivable $300,000 Average Accounts Receivable S250,000 Sales Discounts $25,000 Bad Debt Expense $40,000 Allowance for Uncollectible Accounts $30,000 Sales Returns $50,000 . A) What was Net Sales? Show computation B) What was Net Accounts Receivable? Show computation: C) Compute Accounts Receivable Turnover Ratio Show computation: 5. For Calamount Corporation, if Accounts Receivablo Turnover Ratio was 9 last year and 10 this year, which year had better collection results? O REPUBLIK OP GAMERS