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Kindly provide the solution for problem c and explain how. thank you An aging analysis of Sunland Company's accounts receivable at December 31, 2023 and
Kindly provide the solution for problem c and explain how. thank you
An aging analysis of Sunland Company's accounts receivable at December 31, 2023 and 2024, showed the following: Additional information: 1. At December 31, 2023, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $7,000. 2. In 2024,$25,200 of accounts was written off as uncollectible and $2,900 of accounts previously written off was collected. Record the following: 1. The adjusting entry on December 31,2023. 2. The write-off of uncollectible accounts in 2024. 3. The collection in 2024 of accounts previously written off. 4. The adjusting entry on December 31,2024. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2023, and at December 31,2024. Calculate the carrying amount of Sunland's accounts receivable at December 31, 2023, and December 31, 2024. Record the following: 1. The adjusting entry on December 31,2023. 2. The write-off of uncollectible accounts in 2024. 3. The collection in 2024 of accounts previously written off. 4. The adjusting entry on December 31,2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) 3. Accounts Receivable Allowance for Doubtful Accounts 2900 (To reverse write off.) Cash Accounts Receivable (To record collection of previously written-off accounts.) 4. Bad Debt Expense Allowance for Doubtful Accounts
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