Could I please get some help with my accounting homework?

1.) Jiffy T-shirts uses the allowance method for accounts receivable. The Allowance for Doubtful Accounts has a $875 debit balance. The current aging of accounts receivables and allowance for doubtful accounts percents are provided below. Days Past Due Current 1 to 30 days 31 to 60 days 61 to 90 days Over 90 days Total Accts Receivable Amount Allowance % 85,000 26,000 42,000 4,800 2,500 160,300 1% 5% 8% 15% 35% a) Fill in the missing entries in the table, then use to calculate Ending Allowance for Doubtful Accounts and Bad Debt Expense. Days Past Due Amount Allowance % Current 85,000 1% 1 to 30 days 26,000 5% 31 to 60 days 42,000 8% 61 to 90 days 4,800 15% Over 90 days 2,500 35% Total Accts Receivable 160,300 Ending Allowance for Doubtful Accounts: $ Bad Debt Expense: $ Allowed Amount b) Prepare the Dec 31 Journal entry to record bad debt expense Date Description Debit Credit Dec 31 c) Post your entry to the T-accounts Bad Debt Expense Allowance for Doubtful Accounts 2.) Some Company uses the allowance method for handling receivables. Total Sales for the year were $1,000,000 ($675,000 credit sales and $325,000 cash sales). The unadjusted balance for Accounts Receivable was is $97,000 debit balance and Allowance for Doubtful Accounts $1,925 DEBIT balance. For each unrelated situation below, provide the Dec 31 adjusting entry for Bad Debt Expense, post the entry to T-accounts, and show how accounts receivable would appear on the balance sheet. a) Some company estimates that 3% of credit sales will be uncollectible. Date Description Debit Credit Dec 31 Bad Debt Expense Allowance for Doubtful Accounts Accounts Receivable Less: Allowance for Doubtful Accounts Accounts Receivable, Net b) Some Company estimates that 8% of accounts receivable will be uncollectible. Date Description Debit Credit Dec 31 Bad Debt Expense Allowance for Doubtful Accounts Accounts Receivable Less: Allowance for Doubtful Accounts Accounts Receivable, Net 3.) Mini Microphones accepts a $20,000, 6% interest, 90 day note in payment of a past due accounts receivable on June 1. a) Record the journal entry required on June 1. Date Description Debit Credit June 1 b) What is the maturity date? Number of days in Note - Days remaining in June - Days remaining in July Days left in August Maturity date: c) The note is paid at maturity. Record the journal entry required. Date Description Debit Credit Maturit y 4.) n November 30, ABC corporation borrows $70,000 from the bank by signing a 60 day, 8% note agreement. Round values to 2 decimal places. a) Calculate the maturity date of the note. b) Calculate the interest that should be accured on this note at December 31st and write the journal entry to record the accrual. Date 12/31 Description Debit Credit Date Description Debit Credit to accrue interest on note to bank c) Write the journal entry required on the maturity date of the note assuming ABC corporation pays as agreed. Date Description Debit Credit Maturity Date to record the payment of the note at maturity 5.) Knighthood Inc. issued 12,000 shares of common stock. Prepare entries to record each of the following independent situations related to this issue of stock. a) Stock issued for $25 cash per share when par value was $10 per share. Dat e Description Debit Credit b) Stock issued in exchange for equipment costing $9,000 when the stock had no par or stated value. Dat e Description Debit Credit c) Stock issued for $14000 cash when the stock had a stated value of $1 per share. Dat e Description Debit Credit 6.) Egyptian Enterprises has both common and preferred stock. There are 100,000 shares of $1 par common stock outstanding and 5,000 shares of $9 par, 7% cumulative preferred stock outstanding. The company did not pay any dividends in 2015. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2016 $5,500 2017 $5,000 2018 $5,500 Year 2016 2017 2018 Preferred Common