CP8-4 Accounting for Accounts and Notes Receivable Transactions (continued) Total-30 3160 61-0 Over 90 Customer s 1,000 500 400 100 Anstow Ergonomics Asymmetry Architecture Others (not shown to save space) 85,000 34.000 42,000 ,004 Weight Whittlers2,000 2,000 $ 2,000 4,000 2,000 Total Accounts Recelvable $90,000 $36.500 $42,400 $5,100 $6,000 2% 10% 20% Estimated Uncollectible 6) Required: 1. For items a-j, analyze the amount and direction (+ or-) of effects on specific 40% financial statement accounts and the overall accounting equation. 2. Prepare journal entries for items (a)-0 3. Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31 Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivable. Name two other accounts related to Accounts Recevable and Note Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations for Execusmart 4. sultants 8-12 CP8-4 Accounting for Accounts and Notes Receivable Transactions (continued) Total-30 3160 61-0 Over 90 Customer s 1,000 500 400 100 Anstow Ergonomics Asymmetry Architecture Others (not shown to save space) 85,000 34.000 42,000 ,004 Weight Whittlers2,000 2,000 $ 2,000 4,000 2,000 Total Accounts Recelvable $90,000 $36.500 $42,400 $5,100 $6,000 2% 10% 20% Estimated Uncollectible 6) Required: 1. For items a-j, analyze the amount and direction (+ or-) of effects on specific 40% financial statement accounts and the overall accounting equation. 2. Prepare journal entries for items (a)-0 3. Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31 Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivable. Name two other accounts related to Accounts Recevable and Note Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations for Execusmart 4. sultants 8-12