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for question 2,4, &6 the chart asks for account name, debits, and credits. Question 1 3 pts The 2017 year-end balances of Accounts Receivable and
for question 2,4, &6 the chart asks for account name, debits, and credits.
Question 1 3 pts The 2017 year-end balances of Accounts Receivable and Allowance for Doubtful Accounts are $1,000,000 and $100,000, respectively. Complete the net realizable value (net accounts receivable) presentation at 12/31/2017. Do not use decimals. Accounts Receivable $ Less: Allowance For Doubtful Accounts $ Net Realizable Value $ Question 2 3 pts Prepare the journal entry to record 2018 total sales: $3,000,000, of which $2,200,000 are on account. Do not use decimals. [Note: enter cash sales in the first line.) Account Name Del DR ta $ DR $ CR Question 3 3 pts Compute the net realizable value (net accounts receivable) presentation after the journal entry to record 2018 sales. Do not use decimals. Accounts Receivable $ ta Less: Allowance For Doubtful Accounts $ ta Net Realizable Value $ ta Question 4 3 pts Prepare the journal entry to record $2,700,000 of accounts receivable collected in 2018. Do not use decimals. Account Name DR $ CR Question 5 5 3 pts Compute the net realizable value (net accounts receivable) presentation after the two journal entries to record 2018 sales and 2018 collections. Do not use decimals. Accounts Receivable $ Less: Allowance For Doubtful Accounts $ Net Realizable Value $ ta Question 6 3 pts Prepare the journal entry to record $25,000 of write-offs in 2018. Do not use decimals. Account Name Debit DR ta $ CR Question 7 3 pts Compute the net realizable value (net accounts receivable) presentation after the journal entry to record writeoffs. Do not use decimals. Accounts Receivable $ Less: Allowance For Doubtful Accounts $ Net Realizable Value $ $ Step by Step Solution
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