for the last question. how to get 1618!???

PROBLEMS (GROUP B MyAccountingLab roblem 9-1B November 30, 2017, balance sheet of Thyme Company reported the following Using th aging-C Accounts Receivable Allowance for Doubtful Accounts (credit balance) and per pen $358,000 able me 7,700 At the end of each quarter, Thyme estimates bad debt expense to be2 perce At the end of the year, the company ages its accounts receivable und ad ists the balance in Allowance for Doubtful Accounts to correspond to the aging schedule. During the last month of 2017, Thyme completes the following selected transactions: ny of credit sales. Dec. 9 Made a compound entry to write off the following ncollectible accounts: M. Yang, $710; Tory Ltd., $315; and S. Roberts, 1 Wrote off as uncollectible the $1,360 account receivable from Acme Ltd. and the $790 account receivable from Data Servi Recorded bad debt expense based Recorded bad debt expense based on the following s of accounts receivable: on credit sales of $420,000 y of the aging Age of Accounts Accounts Receivable Total $341,9 Estimated percent uncollectible 0.15% Required 1. Record the transactions in the general journal. 2. Open the Allowance for Doubtful Accounts three-column ledger account and post 1-30 Days 31-60 Days 61-90 Days Over 90 Days $188400 $78,500 $40,500 $34,500 0.5% 70% 35.0%, 2826 341 2 entries affecting that account. Keep a running balance. ative financial statements. If Thyme Company's 2016, show how the company will report its accounts 4. Suppose, on December 31, 2017, the bad debt expense was based on an estimate of 3. Most companies report two-year Accounts Receivable balance was $299,508, and the Allowance for Doubtful Accounts stood at $9,975 01 receivable on a comparative balance sheet for 2017 and 2016. 3 percent of the accounts receivable balance, rather than on the aging of accounts receiv- able. Record the December 31, 2017, entry for bad debt expense in the general journal. Problem 9-2R $ 326,315 $ 289,525 Aecounts receivable, net Requirement 4. Suppose, on December 31, 2017, the bad debt expense was based on an estimate of 3 percent of the accounts December 31, 2017, entry for bad debt expense in the general journal. General Journal Date Accounts Debit Credit Dec 31 Allowance for Doubtful Accounts 1,618 Bad Debt Expense 1,618 Move your pointer over or tap on the cells with red arrows to see incorrect answers. MacBook 2 3 4