For the questions with the drop down box, they are all "Using the Aging Accounts Receivable method...", and the first two drop down boxes have the same choices. The third drop down box has the following choices: $295,000; $301,750; $315,250; $7,175,000; $8,087,750; $8,403,000; or $17,900,000.

In the last picture, all the $ options on the right-hand column are the same. On the left hand side under "Write offs for 2018" the first two "Dr. and Cr." are the same choices listed in the drop down box. However, under "Make journal entry recoveries for 2018", the first two "Dr. and Cr." options are: Accounts Receivable, Allowance for Doubtful Accounts, Cost of Goods Sold, or Recoveries. The "Dr. and Cr." in the bottom left hand corner, the options are: Dr.---Cash, Equipment, Inventory, or Supplies. Cr.---Accounts Receivable, Accumulated Depreciation, Depreciation Expense, or Supplies Expense.

PLEASE HELP

You are an accountant at XYZ company, which has a fiscal year ending on December 31. It is now December 31, 2018, and you are getting ready to record the adjusting journal entry for this year's bad debt expense. The credit department has prepared for you the following accounts receivable aging schedule, which includes the estimated percentages of each aging bucket that they think will be uncollectible. The estimated percentages are the same for both dates provided. Estimated % Accounts Receivable Accounts Receivable Age of A/R Uncollectible Balance at Dec 31, 2018 Balance at Dec 31, 2017 Not yet due 2% $7,150.000 $6,250,000 60 days past due 75% $88,000 $95,000 You then inspect the accounting records for the year and note that during 2018, the company had write-offs of $295,000 and recoveries of $900. You also note that total credit sales during 2018 were $17.900,000. The credit department informs you that historically, 1.75% of credit sales have proven to be uncollectible. conger ger Algeo. Microsoft Math. G QUIZLET Using the Aging of Accounts Receivable method, what is the bad debt expense for 2018? Select 1 [ Select] $900 $294.100 ceivable method, what is the ending balance for the Allowance for Doubtful Accounts for 2018? $295,000 $301.750 $307,400 $313,250 ceivable method, what is the net accounts receivable that the company has at the end of 2018? $315,250 $8.403,000 $17.900,000 Question 2 4 pts Using the Percent of Sales method, what is the bad debt expense for 2018? $900 O $294,100 $295,000 $301,750 O $313,250 $315,250 0 $8.403.000 $17.900.000 Make the journal entry for the write-offs for 2018. Assume that the write-offs happened for one account Dr Select [ Select Cr. (Select Select] Select Make ries for 2018. Assume that the recovery was for one account and was paid in full in cash Accounts Receivable Dr. Allowance for Doubtful Accounts Select] Cash Cr. Write afts Select) Dr. Select Select) Cr. [ Select Select) Make the journal entry for the write-offs for 2018. Assume that the write-offs happened for one account Dr. [Select [Select] V Cr. [Select] [ Select] Make the journal entry for the recoveries for 2018. Assume that the recovery was for one account and was paid in full in cash Dr. [Select) [Select] Cr. [Select] [ Select] Dr. [Select] [ Select) I Select) $900 Cr. Select $294,100 $295.000 $313.250 $315 250 $17.900,000