During its first year of operations, Wildhorse Company had credit sales of $3,408,000; $661,300 remained uncollected at year-end. The credit manager estimates that $42.500 of these receivables will become uncollectible. (a) Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (b) e Textbook and Media Account Titles and Explanation List of Accounts Save for Later h int Assets ints Receivable intory Prepare the current assets section of the balance sheet for Wildhorse Company. Assume that in addition to the receivables it has cash of $91,000, inventory of $139,400, and prepaid insurance of $8,000. (List Current Assets in order of liquidity) paid Insurance Debit Current Assets WILDHORSE COMPANY Balance Sheet (Partial) Credit $ Assistance Used Attempts: 0 of 5 used $ Submit Answer 91000 139400 8000

Iat in int Nimens