Homework: Chapter 9 44 of 10 (7complete) Score: 0 of 1 pt CYU9-1 (similar to) Tiger Map Company's balance sheet at December 31, 2017, reported the following (Cick the, ion to view the data) Read the recuirements Requirement 1.How much of the receivables did Tiger expect to collect? Stated differently, what was the net realizable value of these receivables? The net realizable value of these receivables is $ Requirements 1. How much of the receivables did Tiger expect to collect? Stated differently what was the net realizable value of these receivables? 2. Joumalze, without explanations, 2018 entries for Tiger and post to the Aocounts Receivable and Allowance for Bad Debts Taccounts. a. Total credt sales for 2018 were $160,000 (ignore Cost of Goods Sold) b. Tiger received cash payments on account during 2018 of $112,000. c. Accounts receivable identfied to be uncolilectible totaled $12,800 3. Record the adjusting entry to recognize bad debts expanse using the following independent situations, and then post to the Bad Debts Expense and Allowance for Bad Dobts T-accounts 7% of credit sales were estmated to be unoolectible. b. An aging of receivables indcates that $6,400 of the receivables are estimated to be uncollectible. a Print Done Enter any number in the edit fields and then click Check Answer michael betancourt&5/19/19 1054 P Homework: Chapter 9 Sa Score: 0 of 1 pt Score: 63.95%, 639 of 10 p TI9-3 (similar to Jacht Company uses the allowance melthod to account previously writen ofl account Jacht ecords an adunting entry for bad delbts expense of 850 n July 31 for uncolectible receivablies On June 2, Jacht wnote off a $16,200 account recelivable from customer J receivabie written of recevable 0. Joumakze Jachfs ooliection of the 11. Joumalize Jacht's adjustment for bad dobts expense write off of the uncolectible receivable (od dei rst ten cedts Select the atioon the and Explanation Homework: Chapter 9 44 of 10 (7complete) Score: 0 of 1 pt CYU9-1 (similar to) Tiger Map Company's balance sheet at December 31, 2017, reported the following (Cick the, ion to view the data) Read the recuirements Requirement 1.How much of the receivables did Tiger expect to collect? Stated differently, what was the net realizable value of these receivables? The net realizable value of these receivables is $ Requirements 1. How much of the receivables did Tiger expect to collect? Stated differently what was the net realizable value of these receivables? 2. Joumalze, without explanations, 2018 entries for Tiger and post to the Aocounts Receivable and Allowance for Bad Debts Taccounts. a. Total credt sales for 2018 were $160,000 (ignore Cost of Goods Sold) b. Tiger received cash payments on account during 2018 of $112,000. c. Accounts receivable identfied to be uncolilectible totaled $12,800 3. Record the adjusting entry to recognize bad debts expanse using the following independent situations, and then post to the Bad Debts Expense and Allowance for Bad Dobts T-accounts 7% of credit sales were estmated to be unoolectible. b. An aging of receivables indcates that $6,400 of the receivables are estimated to be uncollectible. a Print Done Enter any number in the edit fields and then click Check Answer michael betancourt&5/19/19 1054 P Homework: Chapter 9 Sa Score: 0 of 1 pt Score: 63.95%, 639 of 10 p TI9-3 (similar to Jacht Company uses the allowance melthod to account previously writen ofl account Jacht ecords an adunting entry for bad delbts expense of 850 n July 31 for uncolectible receivablies On June 2, Jacht wnote off a $16,200 account recelivable from customer J receivabie written of recevable 0. Joumakze Jachfs ooliection of the 11. Joumalize Jacht's adjustment for bad dobts expense write off of the uncolectible receivable (od dei rst ten cedts Select the atioon the and Explanation
