HW 5 # 5

The September 30,2022 , records of Perfecto Communications include these accounts: (Click the icon to view the September 30, 2022 account balances.) During the last quarter of 2022, the company completed the following selected transactions: (Click the icon to view the selected transactions.) Requirement 1. Record the transactions for the last quarter of 2022 in the journal. Explanations are not required. (Record debits Wrote off as uncollectible the $1,600 account receivable from Shade Carpets and the $300 account receivable from Rare Antique 15 inchude these acceunts: alances.) Wlowing selected transactions: During the year, Periecto Cormmunications estimales Uncolectible-becount axpense at the of credit ralet N year-end correspond to the following aging schedule (Click the icon to view the Accounts Fecelvable baiance and aging pchedule io be used at Dechimber 31, 2022.) Fead the reguirements 2022 in the joumat. Explanations are not required. (Record debits first, then credis. Exelude explanations from any joumal entries) thade Carpets and the $300 account receivable from Pare Antques. Data table More info Nov 30 Wrote off as uncollectible the $1,600 account receivable from Shade Carpets and the $300 account receivable from Rare Antiques. Dec 31 Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. quarter of 2022 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations frol rable from Shade Carpets and the $300 account receivable from Rare Antiques. Data table last quarter of 2022 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations ceivable from Shade Carpets and the $300 account receivable from Rare Antiques. Requirements 1. Record the transactions for the last quarter of 2022 in the journal. Explanations are not required. 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account. 3. Show how Perfecto Communications will report its accounts receivable in a comparative balance sheet for 2021 and 2022. (Use the three-line reporting format.) At December 31, 2021, the company's Accounts Receivable balance was $210,000, and the Allowance for Uncollectible Accounts stood at $4,800 credit balance. (Be sure to use the December 31,2022 aging schedule given in the problem data.) Requirement 1. Record the transactions for the last quarter of 2022 in the journal. Explanations are not required. (Recor Wrote off as uncollectible the $1,600 account receivable from Shade Carpets and the $300 account receivable from Rare Duting the lagt qaater or 2022 , the company conpleted the kodbwing ietected lravactions Chick in ic icp to virw ithe selected ratsationt Rasad the