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Need requirements 3 and 4. Thank you for helping Homework: Chapter 8 homework Save 5 of 6 (6 complete) HW Score: 84.6%, 84.6 of 100
Need requirements 3 and 4. Thank you for helping
Homework: Chapter 8 homework Save 5 of 6 (6 complete) HW Score: 84.6%, 84.6 of 100 pts Score: 4.97 of 10 pts % E8-19 (similar to) Question Help At January 1, 2018, White Top Flagpoles had Accounts Receivable of $33,000, and Allowance for Bad Debts had a credit balance of $4.000. During the year, White Top Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements Accounts Receivable Allowance for Bad Debts Jan. 1. 2018 Bal. 33,000 134,000 Collections Net credit sales 162,000 2,100 Write-offs Write-offs 2,100 4,000 Jan 1, 2018 Bal. Unadj. Bal. 58,900 1,900 Unadj. Bal. Requirement 3. Journalize White's adjustment to record bad debts exponse assuming White estimates bad debts as 8% of accounts receivable. 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 journalize White's adjustment to record bad debts expense. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Choose from any list or enter any number in the input fields and then click Check Answer. 2 remaining 2 parts Clear All Check Answer cer 8 homework ( 5 of 6 (6 complete) ad Accounts Receivable of $33,000, and Allowance for Bad Debts had a credit bal * Requirements 1. 3. Journalize White's transactions that occurred during 2018. The company uses the allowance method. Post White's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. Journalize White's adjustment to record bad debts expense assuming White estimates bad debts as 8% of accounts receivable. Post the adjustment to the appropriate T-accounts. Show how White Top Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet. Print Done er 8 homework 5 of 6 (6 complete) d Accounts Receivable of $33,000, and Allowance for Bad Debts had a credit ba Allowance for Bad Debts Collections 6 More Info a. Sales of $181,000 ($162,000 on account: $19,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $134,000. C. Write-offs of uncollectible receivables, $2,100. Print Done Filialleial ALCUUM H U Homework: Chapter 8 homework Score: 4.97 of 10 pts 5 of 6 (6 complete) %E8-19 (similar to) At January 1, 2018, White Top Flagpoles had Accounts Receivable of $33,000, and Allowance for Bad Det White Top Flagpoles recorded the following: (Click the icon to view the transactions.) Allowance for Bad De Read the requirements. Accounts Receivable Jan. 1. 2018 Bal. 33,000 134,000 Collections Net credit sales 162,000 2,100 Write-offs Unadj. Bal. 58,900 Write-offs 2,100 4,000 1,900 Requirement 3. Journalize White's adjustment to record bad debts expense assuming White estimates be to the appropriate T-accounts, (Record debits first, then credits. Select the explanation on the last line of th First journalize White's adjustment to record bad debts expense. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Accounts Receivable Allowance for Bad Debts Bad Debts Expense Cash Sales Revenue Choose fronwy w way ur und then click Check Answer. parts Clear All Step by Step Solution
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