Keep at note the beginning balance is $3,900 Cr.

Thank you.

Requirement 1. Record the transactions in the journal and post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been opened for you. These accounts have beginning balances of $3,900 (Cr.) and SO, respectively. Remember to update account balances but ignore posting references. Begin by recording the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries.) Jan 17: Sold inventory to Quinn Venture, $1,000 on account. Ignore cost of goods sold. Journal Entry Accounts Date Debit Credit Jan Jun 29: Wrote off the Quinn Venture account as uncollectible after repeated efforts to collect from him. Journal Entry Date Accounts Debit Credit Jun 29 Aug 6: Received $150 from Quinn Venture, along with a letter stating his intention to pay within 30 days. Reinstated his account in full Begin by preparing the entry to reinstate the account. (Do not record the receipt of cash, this will be recorded in the next entry.) Journal Entry Accounts Date Debit Credit Aug Now prepare the entry for the receipt of $150 from Quinn Venture. Journal Entry Date Accounts Aug Debit Credit Sep 4: Received the balance due from Quinn Venture. Journal Entry Accounts Date Debit Credit Sep Oct 31: Made a compound entry to write off the following accounts as uncollectible: Bernard Clark, $700; Teresa Martin, $250, and Serena Wheater, $900. Journal Entry Accounts Debit Credit Date Oct 31 Dec 31: Based on the aging of accounts receivable, estimated uncollectible accounts as $3,300 Journal Entry Accounts Date Debit Credit Dec 31 Now post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been opened for you. These accounts have beginning balances of $3,900 (cr.) and $0 respectively. Remember to update account balances but ignore posting references. (Post to the accounts in the same order as the journal entries prepared above, using the first available line on the debit or credit side of each T-account.) Bad debt expense Allowance for uncollectible accounts Beg Bal 3,900 Beg Bal Requirement 2. The December 31 balance of Accounts receivable is $139,000. Show how Accounts receivable would be reported on the balance sheet at that date. (Complete all answer boxes.) Green Auto Parts, Inc. Balance Sheet (partial) December 31 Less