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number 2 and 3 2) On January 2nd 2016, Naldo Party Supplies in of that, the manager estimates that 11% will be uncollectible. You realize

number 2 and 3 image text in transcribed
2) On January 2nd 2016, Naldo Party Supplies in of that, the manager estimates that 11% will be uncollectible. You realize Accounts account currently has a $4,500 debit bala done with this analysis under the Allowance Method. Naldo Party Supplies Inc had a debit balance of 112,600 in its Accounts Recen 600 in its Accounts Receivable account. ectible. You realize that the Allowance for Doubtful has a $4,500 debit balance. Make the journal entry that reflects what should be CR Accounts Date DR 3) On April 15th Naldo Party Supplies Inc granted a current customer, which is unable to pay at the current time 120 day, 13.5%, note loan. The principal balance is 4,200. Prepare the journal entries that reflect the Issuar AND Redemption of the note loan. (2 entries) CR Date Accounts

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