Need in 2 hours.Only correct answers.Based on Accounts receivable and allowance

MGMT 202 Ch 8: Exercises Item 1: Entity G uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 6% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2018, and December 31, 2019, appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/2018 $400,000 80,000 4,000 12/31/2019 $500,000 100,000 ? Instructions Set up a T-account for Allowance for Doubtful Accounts beginning with the balance in ADA as of 12/31/2018 and then post the following transactions: Dr.___Allowance for Doubtful Accounts___Cr. (a) Prepare journal entries for the following events in 2019. Aug. 10 Determined that the account of Kurt West for $900 is uncollectible. Sept. 12 Determined that the account of Jill Lynch for $3,000 is uncollectible. Oct. Received a check for $300 as payment on account from Kurt West, whose account had previously been written off as uncollectible. 10 (b) Prepare the adjusting journal entry to record the bad debt provision for the year ended December 31, 2019. (c) Prepare a partial balance sheet for Accounts Receivable after the December 31, 2019 adjustment: Item 2: Prepare journal entries to record the following transactions entered into by Entity H: 2019 June 1 Dec. 31 2020 June 1 Received a $10,000, 6%, 1-year note from Dan Gore as full payment on his account. Accrued interest on Dan Gore's note. Dan Gore honored his promissory note by payment of the face amount plus interest