counts (8.600) Al year end the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule During the last of 2000, the cont (Click the icon to view the transactions.) Requirements Requirement 2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts and post to those accounts Open the Taccount by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts account and compute the ending balance (Leave any unused cell Allowance for Uncollectible Accounts 2500 Accounts Receivable Write-off Note roc 245.000 241,200 1300 Bal 8600 Bal Writo-ott 2500 Ad Bal Requirement 3. Show how Fast would report its accounts receivablo on a comparative balance sheet for 2019 and 2020 Al December 31, 2010, the company's Accounts Receivable balance at $4700 (Use parentheses or a minus sign for numbers to be subtracted. Enter "O" for any accounts with a 50 balance.) Fast Communications Comparative Balance Sheet (part December 31, 2020 Choose from any list or enter any number in the input fields and then continue to the next question, HE O TI 14 Type here to search 99. The October 1, 2020 records of Fast Communications include these accounts: Accounts Receivable 245,000 Allowance for Uncollectible Accounts (8.600) At year-end, the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule During the last quarte (Click the icon to view the transactions.) Requirements Requirement 2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts and post to those accounts Open the T-account by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts T-account and compute the ending balance (Loan Accounts Receivable Allowance for Uncollectible Accounts Write-off 2500 Bal 8600 Note rec 1300 Bal Write of 2500 Ad) 245,000 241,200 Bal Requirement 3. Show how Fast would report its accounts receivable on a comparative balance sheet for 2019 and 2020 A1 December 31, 2019, the company's Accounts at $4 700. (Use parentheses or a minus sign for numbers to be subtracted. Enter "O" for any accounts with a $0 balance.) schedule. During the last quarter of 2020, the company completed the following selected transactions compute the ending balance (Leave any unused cells blank.) r 31, 2019, the company's Accounts Receivable balance was $206,000 and the Allowance for Uncollectible Accoun Requirements Bal Write-off 2500 Adj 245,000 241,200 Bal Requirement 3. Show how Fast would report its accounts receivable on a comparative balance sheet for 2019 and 2020. At December 3 at S4 700 (Use parentheses or a minus sign for numbers to be subtracted. Enter "O" for any accounts with a $0 balance.) Fast Communications Comparative Balance Sheet (partial) December 31, 2020 2020 2019 Choose from any list or enter any number in the input fields and then continue to the next question. O BI 99. Type here to search .ccounts to correspond to the aging schedule During the last quarter of 2020, the company completed the following selected transactions et for 2019 and 2020. Al December 31, 2019, the company's Accounts Receivable balance was $200,000 and the Allowance for Uncollectible Accounts stood ccounts with a $0 balance.) uestion Requirements Bal. 245,000 Write-off 2500 Adj Bal. 241,200 Requirement 3. Show how Fast would report its accounts receivable on a comparative balance sheet for 2019 an at $4,700. (Use parentheses or a minus sign for numbers to be subtracted. Enter "O" for any accounts with Fast Communications Comparative Balance Sheet (partial) December 31, 2020 2020 2019 Choose from any list or enter any number in the input fields and then continue to the next question. DIE @ @ IT Type here to search for Uncollectible Accounts to correspond to the aging schedule. During the last quarter of 2020, the company com i Requirements - X able balance was $ 1. Record the transactions in the journal. Explanations are not required. 2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts and post to those accounts 3. Show how Fast would report its accounts receivable on a comparative balance sheet for 2019 and 2020. At December 31, 2019, the company's Accounts Receivable balance was $206,000 and the Allowance for Uncollectible Accounts stood at $4,700 Print Done Transactions ce 120, the company 2020 Nov. 30 Wrote off as uncollectible the $2,000 account receivable from Blue Carpets and the $500 account receivable from Johnson Antiques Dec. 31 One of its customers, Tiffany Ltd., agreed to sign a 60-day note receivable to replace the $1,300 accounts receivable due on that day Dec. 31 Adjusted the Allowance for Uncollectible Accounts and recorded Bad Debt Expense at year-end, based on the aging of receivables, which follows vable balance w atiy nte Age of Accounts 0-30 31-60 61 - 90 Over 90 Days Days Days Days $ 151,000 $ 35,000 $ 21,000 $ 38,000 0.2% 0.5% 5.0% 30% Total Balance 19 $245,000 Estimated uncollectible Print Done