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More info a. Sales of $180,000 ( $156,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $133,000. c. Write-offs

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More info a. Sales of $180,000 ( $156,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $133,000. c. Write-offs of uncollectible receivables, $2,100. equirement 2. Post Windy's Enter the beginning balances Requirement 2. Post Windy's tranasctions to the Accounts Recoivabie and Alowance for Bad Debts T-accounts: Enter the boginning balances and the journal entries, and then compule the unadusted belance of each acceumt. Requirement 3. Journaize Windy's adfustment to record bod debts expense assuming Windy estimates bad debts as 13% of acoounts reccivoble on januizy 31 . 20e.4. appropriate T-accounts. (Record debits first, then credits, Select the explanation on the last line of the joumal entry tabie) First journalize Windys adjustment to record bad debts expense. Post the acfustenent to the appropriase Traccounts. Poret the adfustment 10 the approprtate T-accocints. Ether the cmadiusted baiances computed in requirment 2 and the the beginning balance for the Bad Dett Expense account. Thon post the adjustment and compute the January 311 i of eth accertivt (Enlet a " 0 on the normal side of the account for any zoro balances.) findy Mountain Flagpoies had Accounts Receivabie of 533,000 , and Allowance for Bad Debts had a cre transstions for Januafy. Viow the frariactions.) Requirements 1. Journalize Windy's transactions that occurred during January. The company uses the alowance method. 2. Post Windy's trantactions to the Accounts Receivable and Aliowance fer Bad Debts T-acoounts. 3. Journation Wody's adustment to rocord bad debts expense assuming Windy estimalos bad debts as 13% of accounts receivable on January 31,2024. Post the adustment to the appropriate Taccounts: 4. Show how Windy Mountain Flagpoles will report net nccounts receivable on tis January 31,2024 , balance sheet. recortent "a following toarsactont for Jahuary

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