Chapter 8 - Assignment 1 be Help Save & Exit Submit Check my work 4. M8-16 (Supplement 8A) Recording Write-Offs and Reporting Accounts Receivable Using the Direct Write-Off Method [LO 8-91) 5 points On December 31, 2017. Extreme Fitness has an adjusted balance of $830,000 in Accounts Receivable On January 2, 2018, tha company learns that certain customer accounts are not collectible, so management authorizes a wite-off or these accounts totaling $58,100. Extreme Fitness uses the direct write off method ook a. What amount would the company report as its net accounts receivable on December 31, 2017 b. Prepare the journal entry to write of the accounts on January 2, 2018 c. Assuming no other transactions occurred between December 31, 2017, and January 3, 2018, what amount would the company report as its net accounts receivable on January 3, 2018? Has net accounts receivable changed from December 31, 20177 Pret Roterences Complete this question by entering your answers in the tabs below. Red RAGA Rest Reg 2 What amount would the company report as its net accounts receivable on December 31, 2017 Account Recolatile Check my work 4 Red A Req Reci Rec2 5 Prepare the journal entry to write off the accounts on January 2, 2018. (If no entry is required for a transaction/event, select "No Jou Entry Required in the first account hield) points View transaction lit Journal entry worksheet > Pro Record the write-off of certain customer accounts which are not collectible totaling $10,000 Pference Notre che General Journal Date Credit Date January 02 2018 Record entry Clear entry View general Check my won 4 M8-16 (Supplement 8A) Recording Write-Offs and Reporting Accounts Receivable Using the Direct Write-Off Method (LO 8-91) 5 points On December 31, 2017. Extreme Fitness has an adjusted balance of $830,000 in Accounts Receivable. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $58,00. Extreme Fitness uses the direct write-off method. book a. What amount would the company report as its net accounts receivable on December 31, 2017 b. Prepare the journal entry to write off the accounts on January 2, 2018 c. Assuming no other transactions occurred between December 31, 2017, and January 3, 2018, what amount would the company report as its net accounts receivable on January 3, 2018? Has net accounts receivable changed from December 31, 2017 References Complete this question by entering your answers in the tabs below. Rea Red B Red CI Reg C2 Assuming no other transactions occurred between December 31, 2017, and January 3, 2018, what amount would the company report as its net accounts receivable on January 3, 2018? Nel Account Revale (RGB MC2 > Chapter 8 Assignment ws Check my work 4 M8-16 (Supplement 8A) Recording Write-Offs and Reporting Accounts Receivable Using the Direct Write-Off Method (LO 8-51) 5 On December 31, 2017, Extreme Fitness has an adjusted balance of $830,000 in Accounts Receivable On January 2, 2018, the company learns that certain customer accounts are not collectibles management authores a write off of these accounts totaling 558.100. Extreme Fitness uses the direct write-off method e a. What amount would the company report as its net accounts receivable on December 31, 2017 b. Prepare the journal entry to write off the accounts on January 2, 2018 c. Assuming no other transactions occurred between December 31, 2017 and January 3, 2018. what amount would the company report as its net sccounts receivable on January 3, 2018? Has net accounts receivable changed from December 2017 .. Complete this question by entering your answers in the tabs below. Hea Het accounts receivable changed from December 31, 2017 Marco cable changed from Decorar 1. 2017