Company has exponenced rapid growth in its in few months of operwions and has had a significant increase in customers renting cases and purchasing The Many of these come in the terms. Akce Www and company manager has decided it is time to review the business transactions and update some of the business practices. Her first step is to make decisions about handing accounts receivable So far you to date creates have been 517.000 A review of outstanding receivables resulted in the flowing aging schedule Click the loon to view the aging schedule Read the resument Requirement 1. The company wants to use the allowance method to estimate bad debts. Anume a zero beginning balance for Allowance for Bed Detti. a. Determine the estimated bad dots pense under the percent-of-sales methods at June 30, 2019. Aware that of credit sales will not be collected (Round to the nearest dolar) Method Estimated Bed Debts a. Percent of sales b. Determine the estimated bad debts expense under the percent of receivable methods of June 30, 2019 Assume that196 of receivables will not be colected (Round to the nearest dollar) Method Estimated Bed Debts b. Percent-of-receivables C. Dutermine the estimated bad debts expense under the aging of receivables moods at June 30, 2019 Assume that 10% of invoices 1.9 days will not be collected 15% of wakes 3146 days, 20% of levoices 1-50 dar, and cook over 90 days (Round intermediary computations and your final answer to the nearest dolar) Method Estimated Bad Debts c. Aging of receivables Requirement 2. Journage the entry at June 30, 2019, to dust for bad debts expense uning the percent of sales method record dubits trut, then credih. Select the explanation on the last time of the jumal entry table) Accounts and Explanation Debt Credi Date able Asume that the right Eyes Daycare Happy Camper Company has experienced rapid growth in its fruit few months of operations and has had a significant increase in customers penting cards and purchasing Many of these customen we asking for Alice When and company manager, has decided is time to review the business ansactions and update some of the business practices of hop is to make decisions tout handing accounts receivable Setar, yow to descriere ben 17/80 A review of outstanding receivables routed in the following ping whole Click the icon to view the wing schedule Requirements. Journalire the entry 10, 2019, to record the write off of the Bright Eyes Daycare invoice Record its first, the credits Select the explanation on the lastne of the understate Auth Big Eyes Daycare Invoice makes up the entirelyes Daycare recevole balance. Continue to assume that the percent of a method is inse) Date Accounts and Explanation Debit Credit Jun 30 Requirement 4. At June 30, 2019. T-accounts for Accounts Receivable and Allowance for Bad Debit before Requirements and have been opened for you. Post entries from Requirements and to the accounts. Assume a beginning balance for Allowance for Bad Debts For each account, enter the balance, "Bal", prior to the Jun 30 entries on the first Ine of the account. Post the two Jun 30 enties, using Jun 30 posting references on the second lines of the accounts Use the free of the account to enter the adjusted balances, wong with a Balference an account has a zero balance, select the "Bal" reference and enter on the appropriate side of the Taccount) Accounts Receivable Allowance for Bad Debts Requirements. Show how Happy Camper Company will report net accounts receivable on the balance sheet on June 30,2019. (Continue to assume that the percent of sales method is in use and that the strong and have been posted to the lediger) Requirement 4. At June 30, 2019, T-accounts for Accounts Receivable and Allowance for Bad Debts before Requirements 2 and 3 have b balance for Allowance for Bad Debts. For each account, enter the balance, "Bal.", prior to the Jun 30 entries on the first line of the T-account. Post the two Jun 30 entries, using the adjusted balances, along with a "Bal" reference. (If an account has a zero balance, select the "Bal" reference and enter "0" on the app Accounts Receivable Allowance for Bad Debts Requirement 5. Show how Happy Camper Company will report net accounts receivable on the balance sheet on June 30, 2019. (Continue posted to the ledger.) Balance Sheet (Partial): Current Assets Company has exponenced rapid growth in its in few months of operwions and has had a significant increase in customers renting cases and purchasing The Many of these come in the terms. Akce Www and company manager has decided it is time to review the business transactions and update some of the business practices. Her first step is to make decisions about handing accounts receivable So far you to date creates have been 517.000 A review of outstanding receivables resulted in the flowing aging schedule Click the loon to view the aging schedule Read the resument Requirement 1. The company wants to use the allowance method to estimate bad debts. Anume a zero beginning balance for Allowance for Bed Detti. a. Determine the estimated bad dots pense under the percent-of-sales methods at June 30, 2019. Aware that of credit sales will not be collected (Round to the nearest dolar) Method Estimated Bed Debts a. Percent of sales b. Determine the estimated bad debts expense under the percent of receivable methods of June 30, 2019 Assume that196 of receivables will not be colected (Round to the nearest dollar) Method Estimated Bed Debts b. Percent-of-receivables C. Dutermine the estimated bad debts expense under the aging of receivables moods at June 30, 2019 Assume that 10% of invoices 1.9 days will not be collected 15% of wakes 3146 days, 20% of levoices 1-50 dar, and cook over 90 days (Round intermediary computations and your final answer to the nearest dolar) Method Estimated Bad Debts c. Aging of receivables Requirement 2. Journage the entry at June 30, 2019, to dust for bad debts expense uning the percent of sales method record dubits trut, then credih. Select the explanation on the last time of the jumal entry table) Accounts and Explanation Debt Credi Date able Asume that the right Eyes Daycare Happy Camper Company has experienced rapid growth in its fruit few months of operations and has had a significant increase in customers penting cards and purchasing Many of these customen we asking for Alice When and company manager, has decided is time to review the business ansactions and update some of the business practices of hop is to make decisions tout handing accounts receivable Setar, yow to descriere ben 17/80 A review of outstanding receivables routed in the following ping whole Click the icon to view the wing schedule Requirements. Journalire the entry 10, 2019, to record the write off of the Bright Eyes Daycare invoice Record its first, the credits Select the explanation on the lastne of the understate Auth Big Eyes Daycare Invoice makes up the entirelyes Daycare recevole balance. Continue to assume that the percent of a method is inse) Date Accounts and Explanation Debit Credit Jun 30 Requirement 4. At June 30, 2019. T-accounts for Accounts Receivable and Allowance for Bad Debit before Requirements and have been opened for you. Post entries from Requirements and to the accounts. Assume a beginning balance for Allowance for Bad Debts For each account, enter the balance, "Bal", prior to the Jun 30 entries on the first Ine of the account. Post the two Jun 30 enties, using Jun 30 posting references on the second lines of the accounts Use the free of the account to enter the adjusted balances, wong with a Balference an account has a zero balance, select the "Bal" reference and enter on the appropriate side of the Taccount) Accounts Receivable Allowance for Bad Debts Requirements. Show how Happy Camper Company will report net accounts receivable on the balance sheet on June 30,2019. (Continue to assume that the percent of sales method is in use and that the strong and have been posted to the lediger) Requirement 4. At June 30, 2019, T-accounts for Accounts Receivable and Allowance for Bad Debts before Requirements 2 and 3 have b balance for Allowance for Bad Debts. For each account, enter the balance, "Bal.", prior to the Jun 30 entries on the first line of the T-account. Post the two Jun 30 entries, using the adjusted balances, along with a "Bal" reference. (If an account has a zero balance, select the "Bal" reference and enter "0" on the app Accounts Receivable Allowance for Bad Debts Requirement 5. Show how Happy Camper Company will report net accounts receivable on the balance sheet on June 30, 2019. (Continue posted to the ledger.) Balance Sheet (Partial): Current Assets