During the year 2023, there were no recoveries of accounts previously written off. Only one account, that of PDQ Servicing. Was Identified as being uncollectible on July 15, 2023. On January 4. 2023, Farthington issued a \$7.150 credit memo to Lomas Industries regarding damaged goods returned. Required: Analyzing the accounts, determine the following amounts: a. The December 31, 2022, balance in Lomas Industries' account. Amount =$59 h. The December 31, 2023, balance in the Allowance for Doubtful Accounts. (Round your final answer to nearest whole dollor.) Amount i. Show how accounts recelvable should appear on the balance sheet on December 31, 2023. (Round your final answers to nearest whole doller.) Reproduced below from Farthington Supply's accounting records is the accounts recelvable subledger along with selected general ledger accounts. Journal entry worksheet 1 Record the adjusting entry to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. Note: Enter debits before credits. b. The January 7, 2023, collection from Lomas Industries. \begin{tabular}{|ll|} \hline Amount $ & 92,350 \\ \hline \end{tabular} c. The December 31, 2023, balance in the Accounts Receivable controlling account. Amount d. The November 15, 2023, transaction in JenStar Company's account. Amount e. Collections during 2023. Amoint f. Credit sales during 2023. Amount 9. Adjusting entry on December 31,2023 , to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. (Round your finol onswers to nearest whole dollor.) During the year 2023, there were no recoveries of accounts previously written off. Only one account, that of PDQ Servicing. Was Identified as being uncollectible on July 15, 2023. On January 4. 2023, Farthington issued a \$7.150 credit memo to Lomas Industries regarding damaged goods returned. Required: Analyzing the accounts, determine the following amounts: a. The December 31, 2022, balance in Lomas Industries' account. Amount =$59 h. The December 31, 2023, balance in the Allowance for Doubtful Accounts. (Round your final answer to nearest whole dollor.) Amount i. Show how accounts recelvable should appear on the balance sheet on December 31, 2023. (Round your final answers to nearest whole doller.) Reproduced below from Farthington Supply's accounting records is the accounts recelvable subledger along with selected general ledger accounts. Journal entry worksheet 1 Record the adjusting entry to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. Note: Enter debits before credits. b. The January 7, 2023, collection from Lomas Industries. \begin{tabular}{|ll|} \hline Amount $ & 92,350 \\ \hline \end{tabular} c. The December 31, 2023, balance in the Accounts Receivable controlling account. Amount d. The November 15, 2023, transaction in JenStar Company's account. Amount e. Collections during 2023. Amoint f. Credit sales during 2023. Amount 9. Adjusting entry on December 31,2023 , to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. (Round your finol onswers to nearest whole dollor.)
