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Next enter the journal entries and then compute the unadjusted balance for the Bad Debts Expense account. Requirement 3. Show how accounts receivable would be
Next enter the journal entries and then compute the unadjusted balance for the Bad Debts Expense account. Requirement 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2024. Balance Sheet (Partial): Current Assets: \begin{tabular}{ll||l|l|} \hline \hline Bal. & \\ \hline \end{tabular} Now enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Allowance for Bad Debts account. Allowance for Bad Debts \begin{tabular}{|l|l||l|l|} \hline \hline & & \\ \hline & & & \\ \hline & & & \\ \hline \hline & & & \\ \hline \end{tabular} Next enter the journal entries and then compute the unadjusted balance for the Bad Debts Expense account. Bad Debts Expense Requirement 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T-accounts and determine the ending balance of each account. Enter the beginning balances and the journal entries, and then compute the unadjusted balance for the Accounts Receivable account. c. Write-offs of uncollectibles, $5,900. b. Collections on account, $223,000. The Accounts Receivable balance and Allowance for Bad Debts for Signature Lamp Company at December 31, 2023, was $10,800 and $2,000 (credit balance), respectively. During 2024, Signature Lamp Company completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Signature Lamp Company's transactions for 2024 assuming Signature Lamp Company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Sales revenue on account, $273,400 (ignore Cost of Goods Sold)
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