Need help with the rest of requirement 3: in white ane requirement 4. thank you

Sav Homework: Chapter 8 homework Score: 5.68 of 10 pts + 2 of 6 (5 completo) %E8-18 (similar to) HW Score: 77.04%, 77.04 of 100 Question Help At January 1, 2018, Mountaintop Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Mountaintop Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Mountaintop's transactions that occurred during 2018. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (a.) Sales of $187.000 ($165,000 on account; $22,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2018 Cash 22,000 Accounts Receivable 165,000 Sales Revenue 187.000 Record sales for the yoar. (b.) Collections on account, $126,000. Date Accounts and Explanation 2018 Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer 1 remaining Clear Al Check Answer Homework: Chapter 8 homework 1 Score: 5.68 of 10 pts 2 of 6 (5 complete) HW Score: 77.04%, 77.04 of 10 E8-18 (similar to) Question Help At January 1, 2018, Mountaintop Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Mountaintop Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements (b.) Collections on account, $125,000 Date Accounts and Explanation Debit Credit 2018 126,000 Cash Accounts Receivable 126,000 Collected cash on account (0.) Write-offs of uncollectible receivables, $2,100 Date Accounts and Explanation Debit Credit 2018 2.100 Allowance for Bad Debts Accounts Receivable 2.100 Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check Answer Homework: Chapter 8 homework Sav 2 of 6 (5 complete) HW Score: 77.04%, 77.04 of 100 Score: 5.68 of 10 pts %E8-18 (similar to) Question Help At January 1, 2018, Mountaintop Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Mountaintop Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements 2,100 Allowance for Bad Debts Accounts Receivable 2,100 Wrote off uncollectible accounts. Requirement 2. Post Mountaintop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts Enter the beginning balances and the journal entries, and then compute the unadjusted balance of each account. Allowance for Bad Debts Jan. 1. 2018 Bal. Net credit sales Unadj. Bal. Accounts Receivable 28,000 126,000 Collections 165,000 2,100 Write-offs 64,900 Write-offs 2,100 3,000 Jan. 1. 2018 Bal. 900 Unadj. Bal Requirement 3. Journalize Mountaintop's adjustment to record bad debts expense assuming Mountaintop estimates bad debts as 4% of credit sales. Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Eirelinmalive M aint'e arment in rerna harlante evnene Choose from any list or enter any number in the input fields and then click Check Answer. 1 part 1 remaining Clear All Check Answer Save Homework: Chapter 8 homework Score: 5.68 of 10 pts 2 of 6 (5 complete) %E8-18 (similar to) HW Score: 77.04%, 77.04 of 100 pts Question Help At January 1, 2018, Mountaintop Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Mountaintop Flagpoles recorded the following: i (Click the icon to view the transactions.) Read the requirements, Requirement 3. Journalize Mountaintop's adjustment to record bad debts expense assuming Mountaintop estimates bad debts as 4% of credit sales. Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First joumalize Mountaintop's adjustment to record bad debts expense Date Accounts and Explanation Debit Credit 2018 Dec. 31 Bad Debts Expense Allowance for Bad Debts 6,600 6,600 Recorded bad debts expense for the period Post the adjustment to the appropriate T-accounts. First enter and label the Jan. 1. 2018 balance for the Bad Debt Expense account, then post the adjustment to the appropriate T-accounts. (Enter a "0" on the normal side of the account for any zero balances.) 0/1 Accounts Receivable Allowance for Bad Debts Choose from any list or enter any number in the input fields and then click Check Answer 1 part I remaining Clear All Check Answer Save Homework: Chapter 8 homework Score: 5.68 of 10 pts 2 of 6 (5 complete) E8-18 (similar to) HW Score: 77.04%, 77.04 of 100 pts Question Help At January 1, 2018, Mountaintop Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Mountaintop Flagpoles recorded the following: i (Click the icon to view the transactions.) Read the requirements. Post the adjustment to the appropriate T-accounts. First enter and label the Jan. 1. 2018 balance for the Bad Debt Expense account, then post the adjustment to the appropriate T-accounts. (Enter a "' on the normal side of the account for any zero balances.) Allowance for Bad Debts 2,100 3,000 Jan. 1. 2018 Bal. Write-offs Jan. 1. 2018 Bal. Net credit sales Unadj. Bal. Accounts Receivable 28,000 126,000 Collections 165,000 2,100 Write-offs 64,900 900 Unadj. Bal. Bad Debts Expense Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Clear All Check Answer apter 8 homework 2 of 6 (5 complete) HW Score: Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $ he following: nsactions.) priate T-accounts. T-accounts. 018 balan balances.) A More Info eceivable 126,000 2,100 a. Sales of $187,000 ($165,000 on account; $22,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $126,000. c. Write-offs of uncollectible receivables, $2,100. Print Done ts Expense er any number in the input fields and then click Check Answer. Clear All Che apter 8 homework 2 of 6 (5 complete) HW Sco agpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance o following: actions.) ate T f Requirements accoun 18 ba lance ceiva 126,0 2,1 1. Journalize Mountaintop's transactions that occurred during 2018. The company uses the allowance method. 2. Post Mountaintop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Mountaintop's adjustment to record bad debts expense assuming Mountaintop estimates bad debts as 4% of credit sales. Post the adjustment to the appropriate T-accounts. 4. , Show how Mountaintop Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet. Exper Print Done any number in the input fields and then click Check Answer. Clear All