eBook Show Me How Calculator Print item Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,730 from Paula Spitler and wrote off the remainder owed of $3,250 as uncollectible. If an amount box does not require an entry, leave it bu Oct. 2 mi Dec. 20: Reinstated the account of Paula Spitler and received $3,250 cash in full payment. Dec. 20-Reinstate O Dec. 20-Collection Submit Assignment Check My Work 2 more Check My Work uses remaining Emerstructo A e Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,710 from Keith MacPhearson and wrote off the remainder owed of $4,230 as uncollectible. If an amount box does not requin blank. Oct. 2 000 Dec. 20. Reinstated the account of Keith MacPhearson and received $4,230 cash in full payment. Reinstate Collection (Pren Check My Work 2 more Check My Work uses remaining Instructor ebook list Show Me How Calculator Print item Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $735,000; Allowance for Doubtful Accounts has a credit balance of $6,500; and sal total $3,310,000. Bad debt expense is estimated at 1.25% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Previous Ne Check My Work 2 more Check My Work uses remaining Submit Assignment for MsignmentSessionLocator Binprogressa false eBook Show Me How Calculator Analysis of Receivables Method Print item At the end of the current year, Accounts Receivable has a balance of $760,000; Allowance for Doubtful Accounts has a debit balance of $7,000; and sales for the total $3,420,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $30,800. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Previous NE Check My Work 2 more Check My Work uses remaining Submit Assignment for Email instructor now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator Binprogress-false eBook Show Me How Calculator Pri tem Note Receivable Cube Ice Company received a 120-day, 9% note for $36,000, dated April 9, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. emaining eBook Show Me How Calculator Print item Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,730 from Paula Spitler and wrote off the remainder owed of $3,250 as uncollectible. If an amount box does not require an entry, leave it bu Oct. 2 mi Dec. 20: Reinstated the account of Paula Spitler and received $3,250 cash in full payment. Dec. 20-Reinstate O Dec. 20-Collection Submit Assignment Check My Work 2 more Check My Work uses remaining Emerstructo A e Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,710 from Keith MacPhearson and wrote off the remainder owed of $4,230 as uncollectible. If an amount box does not requin blank. Oct. 2 000 Dec. 20. Reinstated the account of Keith MacPhearson and received $4,230 cash in full payment. Reinstate Collection (Pren Check My Work 2 more Check My Work uses remaining Instructor ebook list Show Me How Calculator Print item Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $735,000; Allowance for Doubtful Accounts has a credit balance of $6,500; and sal total $3,310,000. Bad debt expense is estimated at 1.25% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Previous Ne Check My Work 2 more Check My Work uses remaining Submit Assignment for MsignmentSessionLocator Binprogressa false eBook Show Me How Calculator Analysis of Receivables Method Print item At the end of the current year, Accounts Receivable has a balance of $760,000; Allowance for Doubtful Accounts has a debit balance of $7,000; and sales for the total $3,420,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $30,800. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Previous NE Check My Work 2 more Check My Work uses remaining Submit Assignment for Email instructor now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator Binprogress-false eBook Show Me How Calculator Pri tem Note Receivable Cube Ice Company received a 120-day, 9% note for $36,000, dated April 9, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. emaining