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Die Watch completed the slowing selected transactions during 2024 and 2025 Ok the in to view the ions) Requirement 1. The Taccounts for Allowance for

Die Watch completed the slowing selected transactions during 2024 and 2025 Ok the in to view the ions) Requirement 1. The Taccounts for Allowance for Bed Debts and Bad Debits Expense have been opened for you assuming the accounts begin with a zero balance. Record the transactions in the general human explanature and hen Taccounts (econd debts first, then oeds Exclude explanations hum joumai anines Abbreviators used Ad Aqusing entry Clos Closing entry, WD-Weite Begn by recording the 2004 transactions in the general jou Dec 31 Extimated that bad debts expense for the year was 3% of credt sales of $400,000 and recorded that amount as expense. The company uses the allowance method More Info 2024 Dec. 31 Dec. 31. 2025 Jan. 17 Jun. 29 Aug. 6 Dec. 31 Estimated that bad debts expense for the year was 3% of credit sales of $490,000 and recorded that amount as expense. The company uses the allowance method. Made the closing entry for bad debts expense. Sold merchandise inventory to Marty Viller, $1,200, on account. Ignore Cost of Goods Sold. Wrote off Marty Viller's account as uncollectible after repeated efforts to collect from him. Received $1,200 from Marty Viller, along with a letter apologizing for being so late. Reinstated Viller's account in full and recorded the cash receipt. Made a compound entry to write off the following accounts as uncollectible: Bill Kappy, $1,800; Marilyn Lee, $1,300; and Raymond Jones, $750. Dec. 31 Estimated that bad debts expense for the year was 3% on credit sales of $470,000 and recorded the expense. Dec. 31 Made the closing entry for bad debts expense. Print Done ), and * bdf Dec. 31: Estimated that bad debts expense for the year was 3% of credit sales of $490,000 and recorded that amount as expense. The company uses the allowance method. Accounts and Explanation Date 2024 Dec. 31 Debit Credit (Adj.) Dec. 31: Made the closing entry for bad debts expense Date 2024 Accounts and Explanation Dec. 31 (Clos) Debit Credit Now record the 2025 transactions in the general journal. Jan. 17: Sold inventory to Marty Viller, $1,200, on account. Ignore Cost of Goods Sold. Date 2025 Jan. 17 Accounts and Explanation Debit Credit Jun. 29. Wrote off Marty Viller's account as uncollectible after repeated efforts to collect from him. Date 2025 Jun. 291 Accounts and Explanation Debit Credit Choose from am Aug 6: Received $1,200 from Marty Viller, along with a letter apologizing for being so late. Reinstated Viller's account in full and recorded the cash receipt. Start by recording the entry to reinstate Viller's account Date 2025 Aug. 6 Accounts and Explanation Accounts Receivable-Bil Kappy Accounts Receivable-Marty Viller Accounts Receivable-Marilyn Lee Now record Accounts Receivable-Raymond Jones Allowance for Bad Debts Date Bad Debts Expense 2025 Cash Aug 6 Income Summary Sales Revenue Choose from any list or enter any number in the input fields and t Debit Credit Debit Credit Read the requirements. Date 2025 Dec. 31 (W/O) Accounts and Explanation Debit Credit Accounts Receivable-Bill Kappy Accounts Receivable-Marty Viller Dec. 31: Es Accounts Receivable-Marilyn Lee Date 2025 Dec. 31 Accounts Receivable-Raymond Jones Allowance for Bad Debts Bad Debts Expense in credit sales of $470,000 and recorded the expense. Debit Credit (M) Cash Income Summary Sales Revenue Dec. 31: Made the closing entry for bad debts expense. Dialex Watches completed the following selected transactions during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements. Dec. 31: Made the closing entry for bad debts expense. Date 2025 Accounts and Explanation Dec. 31 (Clos.) Debit Credit Now post th Review the Accounts Receivable-Bill Kappy Accounts Receivable-Marty Viller Accounts Receivable-Marilyn Lee Accounts Receivable-Raymond Jones Allowance for Bad Debts Bad Debts Expense Cash Income Summary Choose from Sales Revenue normal side of the account for any zero balances.) Bad Debts Expense nd then continue to the next question. Dialex Watches completed the following selected transactions during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements Review the journal entries. Beg Bal Allowance for Bad Debts Bad Debts Expense Requirement 2. Assume the December 31, 2025, balance of Accounts Receivable is $133,000. Show how net accounts receivable would be reported on the balance sheet at that date Balance Sheet (Partial) Current Assets Choose from any list or enter any number in the input fields and then continue to the next

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