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hi, i need help figuring out the next 4 parts of this qustion. i was able to do a,b, and c but im stuck on
hi, i need help figuring out the next 4 parts of this qustion. i was able to do a,b, and c but im stuck on d
Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts General Ledger Accounts Receivable 167,500 7,180 Dec. 31/19 Balance Credit sales in 2020 7777 7722 15, Bee Jan. 4/20 Collections in 2020 July 15/20 Dec. 31/20 Balance 7777 Allowance for Doubtful Accounts July 15/20 14,900 380 Dec. 31/19 Balance 2272 Dec. 31/20 7777 Dec. 31/20 Balance Accounts Receivable Subledger JenStar Company Dec. 31/19 Balance 51,600 NO. 15/20 7777 51,600 Jan. 20/20 Dec. 31/20 Balance 113,000 Indigo Developments Dec. 31/19 Balance Mar. 1/20 18,30 18,000 Nov. 28/20 14,400 Dec. 2/20 Dec. 31/20 Balance 49,360 Mar. 20/20 Check my work Dec. 31/19 Balance Lomas Industries 7777 7,180 7777 57,400 57,400 30,000 30,000 Apr. 21/20 Dec. 7/20 Dec. 31/20 Balance Jan. 4/20 Jan. 7/20 May 5/20 Dec. 31/19 Balance POQ Servicing 15,800 15,800 Dec. 31/20 Balance July 15/20 During the year 2020, there were no recoveries of accounts previously written off. Only one account that of POQ Service wa identified as being uncollectible on July 15, 2020. On January 4, 2020, Farthington issued a 57,180 credit memo to Lomas dusres regarding damaged goods returned. Required Analyzing the accounts, determine the following amounts a. The December 31, 2019, balance in Lomas Industries' account Amoun 100100 d. The November 15, 2020, transaction in JenStar Company's account Answer is complete but not entirely correct. 11.300 e. Collections during 2020 f. Credit sales during 2020. Amount g. Adjusting entry on December 31, 2020, to estimate uncollectible accounts based on a rate of 2.5% of outstanding recevable (Round your final answers to nearest whole dollar) Na Answer is not complete. General Journal Data Debit Credit Step by Step Solution
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