Create an Adjusted Trial Balance after adjusting the Allowance for Doubtful Accounts account.

Use your Adjusted Trial Balance to create a Multiple Step Income Statement.

Use your Adjusted Trial Balance to create the Assets section of the Balance Sheet.

Compute Receivables Turnover for 20XX rounded to one decimal place.

29 Included is an Aging of Accounts Receivable schedule for the year before an adjustment to the Allowance for Doubtful Accounts account. Other Information: Half of the Sales were made with credit cards. Credit card fees are 5% of credit card sales. Half of the remaining sales took advantage of the 4/10,n/30 discount. Required: Create an Adjusted Trial Balance after adjusting the Allowance for Doubtful Accounts account. Use your Adjusted Trial Balance to create a Multiple Step Income Statement. Use your Adjusted Trial Balance to create the Assets section of the Balance Sheet. Compute Receivables Turnover for 20XX rounded to one decimal place. Note: Use the =ROUND() function to round all calculated amounts to the nearest whole dollar. Note: Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive 96 values