Hii

Iam a student of financial accounting

Having a problem with these 2 sums

Can i have a solition of these.

Thanx

Exercise 9-3 Lui Dental began operations in January 2014 selling dental appliances to denti following transactions occurred during the first six months of operations Jan. 15 Sold appliances to Dr. Hall on account for $15,750; cost 6,400 Feb. 22 Received payment in full from Dr. Hall. Mar. 4 Sold merchandise to Dr. Evans on account for $4,400; cost 1,250 Apr. 20 Sold merchandise to Dr. Murray on account for $6,700, cost 2,990 May 31 Sold merchandise to Dr. Kim on account for $3,200; cost $1,100 Jun. 28 Received $3,000 on account from Dr. Evans. to dentists. The Required 1. Complete the following aged listing of customer accounts as of June 30, 2014 Age of Account Customer Dr. Evans 1-30 days 31-60 days 61-90 days Over 90 days Total Dr. Kim 3,200 3207 r. Murray Estimate the Allowance for Doubtful Accounts required at June 30, 2014, assuming the following uncollectible rates: 30 days, 2%; 60 days, 5%, 90 days, 15%; >90 days, 50 2. 3. Show how Lui Dental would report its accounts receivable on its June 30, 2014 4. If Dr. Evans' account needed to be written off in September 2014, how accurate is Lui balance sheet. What amounts would be reported on an income statement prepared for the six-month period ended June 30, 2014? Dental at estimating its bad debts? Exercise 9-4 At December 31, 2014, the Accounts Receivable balance of Stencier's Electronics is $300,000 The allowance for doubtful accounts has an $8,900 credil talunor. Accountants for Stenner's Electronics prepare the following aging schedule for it accounts receivable Age of Acccunts Accounts Receivable 5300,000 Estimated percent 1-30 Days 31-60 Days $140,000 $80.000 61-90 Days $70,000 Over 90 Days $10,000 uncollectible 0.5% 2.0% 6.0% 50.0% Required 1. Journalize the adjusting entry for doubtful accounts based on the aging schedule. Show 2. Show how Stenner's Electronics will report Accounts Receivable on its December 31. 3. Suppose all the facts of this situation are the same except that Allowance for the T-account for the allowance at December 31, 2014. 2014, balance sheet Accounts has a $900 debit balance. Calculate the amount of the adjusting entry Doubtful