ng Landscaping Services started the year 2020 with an Accounts Receivable balance of $58 200 and an Allowance for Doubtful Accounts balance of 55,300. During the year, 54,400 of ac ectible. Sales revenue for 2020 was 5451,000, including credit sales of $430,000 Cash collections on account were $429,000 during the year ging of accounts receivable yields these data Click the icon to view the data.) the accountant preparing the December 31, 2020, yed fired Data -X pense based on 0.5 airement 1. Journalize Winding's (a) credit sales, (b) ca by entering the journal entry for the credit sales recorde Journal Entry Accounts Debi 0-30 Total Age of Accounts 31-60 61-90 Over 90 Days Days Days $7.200 $5.700 $5.900 1% 8 % 60% Receivables Days 536.000 1% Amount of receivable Percent uncollectible $54,800 Print Done ext, journalize the collections on account ose from any list or enter any number in the input fields and then continue to the next question B Type here to search 18 9 IS UULSLUI 3 US 16 of 19 (2 complete) This Test: 60 Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58 200 and an Allowance for Doubtful Account balance of $5.300 During the year, 51.400 of accounts receivable were ide uncollectible Sales revenue for 2020 was 5451,000, including credit sales of 5430.000 Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries. Required Requirement 1. JournalizeWinding's (a) credit sales, (b) cash collections on account (c) write-off of the accounts receivable identified as uncollectible, and (d) bad debt expense based on 05 percent of credit sales Start by entering the journal entry for the credit sales recorded in 2020 (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Det Credit Ne, journalize the collections on account Choose from any list or enter any number in the input neids and then continue to the next question de ING 8:56 AM OS O BI E Type here to search Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58 200 and an Allowance for Doubtful Accounts balo uncollectible. Sales revenue for 2020 was $451,000, including credit sales of $430,000 Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020, year-end entries. Required Next, journalize the collections on account Journal Entry Accounts Debit Credit Now, record the entry to journalize the write-offs of uncollectibles Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o ate E Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58,200 and an Allowance for Doubtful Accou uncollectible Sales revenue for 2020 was $451,000, including credit sales of $430,000. Cash collections on account were $429,000 during The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries Required Now, record the entry to journalize the write-offs of uncollectibles Journal Entry Accounts Debit Credit Now, Journalize the bad debt expense Joumal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question FR Type here to search i 99. Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of 358,200 and an Allowance IF DOODUL uncollectible. Sales revenue for 2020 was S451,000, including credit sales of $430,000 Cash collections on account were $429,000 durim The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries Required Now, journalize the bad debt expense. Journal Entry Accounts Debit Credit Requirement 2. Prepare a T-account for the Accounts Receivable and Allowance for Doubtful Accounts accounts In the minn Tarthiant in the heard in the dinner and thanh Choose from any list or enter any number in the input fields and then continue to the next question Type here to search 9 99. USU beure (Click the icon to view the data) 10 949.000 during the year are the accountant preparing the December 31, 2020. year-end entries quired equirement 2. Prepare a T-account for the Accounts Receivable and Allowance for Doubtful Accounts accounts the following T-accounts, enter the adjusting entries in the order recorded in the preceding steps. Calculate the balance of each account. (If a box is not used in the Taccounts, leave the box empty Accounts Receivable Allowance for Doubtful Accounts Bal 58.200 Bal 5300 Requirement 3. Calculate the balance in the Allowance for Doubtful Accounts based on the aging-of-accounts receivable method (Round each answer to the nearest whole number.) Age of Accounts Receivable Choose from any list or enter any number in the input fields and then continue to the next question O Type here to search Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58,200 and an Allowance for Doubtful Accounts balance uncollectible. Sales revenue for 2020 was $451,000, including credit sales of $430,000. Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020, year-end entries. Required Requirement 3. Calculate the balance in the Allowance for Doubtful Accounts based on the aging-of-accounts receivable method (Round each answer Age of Accounts Receivable 1-30 31-60 Days $7,200 19 Days $36.000 1% 61-90 Days $5,700 8 % Over 90 Days $5.900 Total Receivables 54.800 Amount of receivable Estimated percent uncollectible Estimated amount uncollectible 60% Requirement 4. Make any adjustment required to the Allowance for Doubtful Accounts based on the calculation in requirement 3 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o Este 9 UOLLET uncollectible. Sales revenue for 2020 was $451,000, including credit sales of $430,000 Cash collections on account were 5429,000 during the year. The aging of accounts receivable yields these data. (Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries Required Estimated amount uncollectible Requirement 4. Make any adjustment required to the Allowance for Doubtful Accounts based on the calculation in requirement 3 Journal Entry Accounts Debit Credit Requirement 5. Show how Winding Landscaping Services should report Accounts Receivable on the balance sheet There are twn nananalanrantar mathadets racontrarolus loe nn the halare cheat The first motif show the allowance for damunte amantin Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o e 99 VUURILLONS OF 55,300. During the year 34.400 of UNLOCUIDIG Sales levenue for 2020 was $451,000, Induding credit sales of $430,000 Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data. (Click the icon to view the data) You're the accountant preparing the December 31, 2020 year-end entries Required Requirements. Show how Winding Landscaping Services should report Accounts Receivable on the balance sheet There are two generally accepted methods to present receivables on the balance sheet. The first method shows the allowance for doubtful accounts amount in the line item description (Choos- allowance for doubtful accounts amount, and then calculate the net accounts receivable amount.) Balance Sheet(Partial): Current assets The second method used to present receivables on the balance sheet shows the alowance for doubtful accounts on a line of its own Balance Sheet (Partial): Choose from any list or enter any number in the input fields and then continue to the next question O . Type here to search ng Landscaping Services started the year 2020 with an Accounts Receivable balance of $58 200 and an Allowance for Doubtful Accounts balance of 55,300. During the year, 54,400 of ac ectible. Sales revenue for 2020 was 5451,000, including credit sales of $430,000 Cash collections on account were $429,000 during the year ging of accounts receivable yields these data Click the icon to view the data.) the accountant preparing the December 31, 2020, yed fired Data -X pense based on 0.5 airement 1. Journalize Winding's (a) credit sales, (b) ca by entering the journal entry for the credit sales recorde Journal Entry Accounts Debi 0-30 Total Age of Accounts 31-60 61-90 Over 90 Days Days Days $7.200 $5.700 $5.900 1% 8 % 60% Receivables Days 536.000 1% Amount of receivable Percent uncollectible $54,800 Print Done ext, journalize the collections on account ose from any list or enter any number in the input fields and then continue to the next question B Type here to search 18 9 IS UULSLUI 3 US 16 of 19 (2 complete) This Test: 60 Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58 200 and an Allowance for Doubtful Account balance of $5.300 During the year, 51.400 of accounts receivable were ide uncollectible Sales revenue for 2020 was 5451,000, including credit sales of 5430.000 Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries. Required Requirement 1. JournalizeWinding's (a) credit sales, (b) cash collections on account (c) write-off of the accounts receivable identified as uncollectible, and (d) bad debt expense based on 05 percent of credit sales Start by entering the journal entry for the credit sales recorded in 2020 (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Det Credit Ne, journalize the collections on account Choose from any list or enter any number in the input neids and then continue to the next question de ING 8:56 AM OS O BI E Type here to search Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58 200 and an Allowance for Doubtful Accounts balo uncollectible. Sales revenue for 2020 was $451,000, including credit sales of $430,000 Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020, year-end entries. Required Next, journalize the collections on account Journal Entry Accounts Debit Credit Now, record the entry to journalize the write-offs of uncollectibles Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o ate E Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58,200 and an Allowance for Doubtful Accou uncollectible Sales revenue for 2020 was $451,000, including credit sales of $430,000. Cash collections on account were $429,000 during The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries Required Now, record the entry to journalize the write-offs of uncollectibles Journal Entry Accounts Debit Credit Now, Journalize the bad debt expense Joumal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question FR Type here to search i 99. Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of 358,200 and an Allowance IF DOODUL uncollectible. Sales revenue for 2020 was S451,000, including credit sales of $430,000 Cash collections on account were $429,000 durim The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries Required Now, journalize the bad debt expense. Journal Entry Accounts Debit Credit Requirement 2. Prepare a T-account for the Accounts Receivable and Allowance for Doubtful Accounts accounts In the minn Tarthiant in the heard in the dinner and thanh Choose from any list or enter any number in the input fields and then continue to the next question Type here to search 9 99. USU beure (Click the icon to view the data) 10 949.000 during the year are the accountant preparing the December 31, 2020. year-end entries quired equirement 2. Prepare a T-account for the Accounts Receivable and Allowance for Doubtful Accounts accounts the following T-accounts, enter the adjusting entries in the order recorded in the preceding steps. Calculate the balance of each account. (If a box is not used in the Taccounts, leave the box empty Accounts Receivable Allowance for Doubtful Accounts Bal 58.200 Bal 5300 Requirement 3. Calculate the balance in the Allowance for Doubtful Accounts based on the aging-of-accounts receivable method (Round each answer to the nearest whole number.) Age of Accounts Receivable Choose from any list or enter any number in the input fields and then continue to the next question O Type here to search Winding Landscaping Services started the year 2020 with an Accounts Receivable balance of $58,200 and an Allowance for Doubtful Accounts balance uncollectible. Sales revenue for 2020 was $451,000, including credit sales of $430,000. Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data (Click the icon to view the data.) You're the accountant preparing the December 31, 2020, year-end entries. Required Requirement 3. Calculate the balance in the Allowance for Doubtful Accounts based on the aging-of-accounts receivable method (Round each answer Age of Accounts Receivable 1-30 31-60 Days $7,200 19 Days $36.000 1% 61-90 Days $5,700 8 % Over 90 Days $5.900 Total Receivables 54.800 Amount of receivable Estimated percent uncollectible Estimated amount uncollectible 60% Requirement 4. Make any adjustment required to the Allowance for Doubtful Accounts based on the calculation in requirement 3 Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o Este 9 UOLLET uncollectible. Sales revenue for 2020 was $451,000, including credit sales of $430,000 Cash collections on account were 5429,000 during the year. The aging of accounts receivable yields these data. (Click the icon to view the data.) You're the accountant preparing the December 31, 2020 year-end entries Required Estimated amount uncollectible Requirement 4. Make any adjustment required to the Allowance for Doubtful Accounts based on the calculation in requirement 3 Journal Entry Accounts Debit Credit Requirement 5. Show how Winding Landscaping Services should report Accounts Receivable on the balance sheet There are twn nananalanrantar mathadets racontrarolus loe nn the halare cheat The first motif show the allowance for damunte amantin Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o e 99 VUURILLONS OF 55,300. During the year 34.400 of UNLOCUIDIG Sales levenue for 2020 was $451,000, Induding credit sales of $430,000 Cash collections on account were $429,000 during the year The aging of accounts receivable yields these data. (Click the icon to view the data) You're the accountant preparing the December 31, 2020 year-end entries Required Requirements. Show how Winding Landscaping Services should report Accounts Receivable on the balance sheet There are two generally accepted methods to present receivables on the balance sheet. The first method shows the allowance for doubtful accounts amount in the line item description (Choos- allowance for doubtful accounts amount, and then calculate the net accounts receivable amount.) Balance Sheet(Partial): Current assets The second method used to present receivables on the balance sheet shows the alowance for doubtful accounts on a line of its own Balance Sheet (Partial): Choose from any list or enter any number in the input fields and then continue to the next question O . Type here to search