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need help please Jan 17 Sold inventory to Randy Viller, $700, on account. Ignore cost of goods sold. Jun 29 Wrote off the Randy Viller
need help please
Jan 17 Sold inventory to Randy Viller, \$700, on account. Ignore cost of goods sold. Jun 29 Wrote off the Randy Viller account as uncollectible after repeated efforts to collect from him. Aug 6 Received $100 from Randy Viller, along with a letter stating his intention to pay within 30 days. Reinstated his account in full. Sep 4 Received the balance due from Randy Viller. Oct 31 Made a compound entry to write off the following accounts as uncollectible: Bernard Klaus, \$700; Teresa Martin, \$250; and Sammy South, \$600. Dec 31 Based on an aging of accounts receivable, estimated uncollectible accounts as $1,100. 1. Record the transactions in the joumal 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 $1,800(cr.) and $0, respectively. Remember to update account balances but ignore posting references. 2. The December 31 balance of Accounts receivable is $125,000. Show how Accounts receivable would be reported on the balance sheet at that date. Bes di Hesaled the twarat do buen funty vidir Green Aute Parts, Inc. Belance sheet (sartial) Decenber 31 Step by Step Solution
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