May 1, 202, Purple Mountain Flagpoles had Accounts Receivable of $20.000, and Allowance for Bod Debtsd a creat balance of 54.000 During the year. Purple Mauritan Flagpoles recorded the fologador towary Click the won to view the ansactions Read the nuwe Post the sent to the appropriate account Pinteresting balance for the Bad Debt Expense account, then poste adjustment to the appropriate Taccontera 'o' on the normale of the count for any ) Accounts Receivable Allowance Bad Debt 1.2004 20,000 131.00 Collection Willots 2.1001 4,000 Jan 1, 2024 B hercedes 158.000 2,100 Wi- Ural 48.000 1,000 2.501 Ad 31, 2004 400 4.401 Jan 31, 2024 Bad Debts Expanse 1.2004 A 2.0 Jan 2014 2,501 Requirement show how Purple Mountan goche wireport et ovat ons Jawy 31, 202, balance shed Balance sheet (Part Current A Choose from any it or enter any number in the input fields and then click Check Answer MAY 1.214. Purple Morten Flagpoles had Accounts Receivable $2.000 and Mownice to Bed Baten had a credit balance of $4,000. During the year Purple Mountain Flagpoles recorded the following action try HOA M CI U V v trt 1 | Read the Requirement. Post Purple reaction to the Accounts Receivable and allowance for Bed Debts Tous Enter the beginning the world, and then compte te uredbe of each court Accounts Receivable Allowance for the Dette Jan 1, 2004 M.000 1.000 16.000 2,100 4000, 2014 US 4.000 1.100 Requirements mates record bad terpenting Punishes of receivile on January 31, 2004. Porter to the propracconta din on line wir Pure Pupperward to record battitore Dale Most doplanation De Credit 2004 lan Duis 2.501 Adobe 2.01 Recording to pro Palesport Tracco First and the beginning house for the Bad Dutt Expense account ten pout the user to the pro-accounts Erbera on the normale of the account for any combines Choose from mystery in the fields and then clickCheck Answer At January , 2004, Purple Mountain Flugpoles had Accounts Recewable of $28,000 and Allowance for lad Debts had a credit balance of $4,000 During the year, Purple Mountain Flagpoles recorded the following tractora ter away Click the icon to view the transactions) Rand the moment Records for the (1) Collections on account 511,000 Date Accounts and explanation Deba Credit 2004 Cass 131.000 Account cele 131 000 De Credit Codected sth on account de. We do urcole recevaben, 52100 Date Account and Explanation 2024 Niwanata Accos Reale 2.100 2.100 Wood Mequent 2. Pandansactions to the Accounts How and Awaren for det Chermany inter any number in the fields and then click Check AN A January 1, 2024, Purple Mountain Flugstolen had Accounts Receivable of $28.000, and Alowance for Bod Debes had a credit balance of 54,000. During the year , Purple Mountain Flagpoles recorded the following transaction to January Click the icon to view the transactions) Read the team Requirement 1, Journalisa Purple's warsaction that occurred during sanwary. The company uses the lowance method. (record debita frut , then credits. Select the explanation on the list ove of the posumal eintby tutis) Sales of $172.000 (5158.000 on account $16.000 for chignore Com of Goods Sold. Prepare a single compound journal entry) Accounts and Explanation Date Debit Credin 2024 Cash Account Reciate Revenu 16.000 156.000 172.000 Debit Credit Aucoides for the year . Colections on account, $131.000 Date Account and Explanation 2004 Canh Accounts loceste 134.000 131,000 137.000 Cold cash account is wife of uncolectii relvables. 52.100 Choose from any or anteny in the input fields and then click Check Answer Jary. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last lir st of Goo Sit - More Info 6,000 $6,000 a. Sales of $172,000 ($156,000 on account: $16,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $131,000. c. Write-offs of uncollectible receivables, $2,100. ebit Print Done 131,000 131,000 ring January. The company uses the allowance method. (Record debits first, then credits. Select the explanation Ignore CL Requirements De 15 1. Journalize Purple's transactions that occurred during January. The company uses the allowance method. 2. Post Purple's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Purple's adjustment to record bad debts expense assuming Purple estimates bad debts as 9% of accounts receivable on January 31, 2024. Post the adjustment to the appropriate T-accounts. 4. Show how Purple Mountain Flagpoles will report net accounts receivable on its January 31, 2024, balance sheet. De 13 Print Done