More Info Data Table Accounts Receivable and aging schedule to be used at December 31, 2010 Age of Accounts At September 30, 2019 1-30 Days 31-60 Days 61-90 Days Over 90 Days Accounts Receivable Accounts Receivable S 242,000 (8.300) $230,000 $ 130,000 $ 38,000S20,000 $ 42,000 0.2% 2% 15% 35% PrintDone PrintDone More Info Requirements Nov 30 1. Record the transactions for the last quarter of 2019 in the journal. Wrote off as uncollectible the $1,500 account receivable from Brown Carpets and the $800 account receivable from Old Timer Antiques Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables Explanations are not Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account Show how Media Communications will report its accounts receivable ina comparative balance sheet for 2018 and 2019. (Use the three-line reporting format.) At December 31, 2018, the company's Accounts Receivable balance was $213.000, and the Allowance for Uncollectible Accounts stood at $5,000 (Be sure to use the December 31, 2019 aging schedule given in the problem data.) required. 2. Dec 31 3. PrintDone Print Done The September 30, 2019, records of Media Communications include these accounts: EEl (Click the icon to view the September 30, 2019 account balances.) During the last quarter of 2019, the company completed the following selected transactions: During the year, Media Communications estimates uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. (Click the icon to view the Accounts Receivable balance and aging schedule to be used at (Click the icon to view the selected transactions.) December 31, 2019.) Read the reguirements Requirement 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Wrote off as uncollectible the $1,500 account receivable from Brown Carpets and the S800 account receivable from Old Timer Antiques Journal Entry Date Accounts Debit Credit Nov 3 Adjusted the Allowance for Uncollectible Accounts and recorded doubtful-account expense at year-end, based on the aging of receivables. Journal Entry Date Accounts Debit Credit Dec 31 Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from Requirement 1 to that account. Open the T-account by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts T-account and calculate the ending balance. Allowance for Uncollectible Accounts Requirement 3. Show how Media Communications will report its accounts receivable in a comparative balance sheet for 2018 and 2019. (Use the three-line reporting format.) At December 31, 2018, the company's Accounts Receivable balance was $213,000, and the Allowance for Uncollectible Accounts stood at S5,000. (Be sure to use the Accounts Receivable balance at December 31, 2019 given in the problem data.) Media Communications Comparative Balance Sheet (partial) December 31, 2019 and 2018 2019 2018 Less