Exercise 9-12 a-b Marigold Supply Co. has the following transactions related to notes receivable during the last 2 months of 2020. The company does not make entries to accruentarest except December 31 Nov. 1 Looned $17,250 cash to Manny Lopez on a 12-month, 8% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $30,000, 90-day, 6% note 16 Received a $20,160, 180 day, 10% note in exchange for Joe Fernetty outstanding accounts receive 31 Accrued interest revenue on all notes receivable Journalize the transactions for Marigold Supply Co. (Ignore entries for cost of goods sold.) (Credit account eties are automatically indeed when amount ante. De er Indent manually. Use 360 days for calculation Round answers to decimal place. 5.275. Record journal entries in the order presented by the problem Date Account Titles and Explanation Debit Credit (To reverse write-off) Eudy. (To record collection of writeoff) (To record estimated bad debts for the year) Exercise 9-07 At December 31, 2019, Swifty Company had a credit balance of $15,400 in Allowance for Doubtful Accounts. During 2020, Swirty wrote of accounts tating 512,000. One of these accounts (53,000) was later collected. At December 31, 2020, naging schedule indicated that the balance in Allowance for Darul Account should be 130.600 Prepare journal entries to record the 2020 transactions of Swifty Company. (Credit account titres are automatically indeed when amount interes. Do not fent man Account Titles and Explanation Debit Credit (Torcidunt writton CALCULATOR BACK NEXT SHOW UST OF ACCOUNTS LINK TO TEXT 17 Allowance for Doubtful Accounts has a debit balance of 5300 in the trial biance, joumalize the adjusting entry at December 31, assuming bad debts are expected to be of account receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 Click If you would like to Show Work for this question Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor Exercise 9-05 a-c The ledger of Blue Company at the end of the current year shows Accounts Receivable $121,000, Sales Revenue $854,000, and Sales Returns and Allowancar $11,000 Journalize the following independent situation. ly IT Blue uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, suming tue determines that L. Des 19,100 uncollectible. (Credit account titles are automatically Indented when amount is entered. Do not indent manually Account Tites and Explanation Dubit Credit Dec 31 Date SHOW LIST OF ACCOUNTS LINK TO TEXT It Allowance for Doubtful Accounts as a credit balance of $2.500 in the trance yourse the genry at December, et expected accounts receivable (Credit account titles are automatically indented when amount is entered. De not indent manually Det Credit Date Account Tities and Explanation Dec 31