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GIVEN INFORMATION: PLEASE HELP FILL OUT THE MISSING INFORMATION IN THE T-ACCOUNTS: Alpha Watches completed the following selected transactions during 2016 and 2017 (Click the
GIVEN INFORMATION:
PLEASE HELP FILL OUT THE MISSING INFORMATION IN THE T-ACCOUNTS:
Alpha Watches completed the following selected transactions during 2016 and 2017 (Click the icon to view the transactions.) Requirements 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you. Record the transactions in the general journal. Post to the two T-accounts and keep running balances, assuming all accounts begin with a zero balance Assume the December 31, 2017, balance of Accounts Receivable is $133,000. Show how net accounts receivable would be reported on the balance sheet at that date. 2. acount Now enter the January 1, 2017 beginning balances, post the journal entries to the T-accounts, and calculate the a running balance after each transaction date. (Enter the beginning balance on the first line of the each account. Then enter the transactions in the order they are presented in the journal entries. Calculate the December 31, 2017 balance before posting the closing entry on the 8th line of the account. Enter "O" on the normal side of the account for any zero balances.) unalentnes iny zbance2balance' the eachStep by Step Solution
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