On April 30, Hiltop Party Planners had a $37.000 ble in Account Receivable 33,757 ct bewer Uncle Dr. Marco were $104.000, and wis of uncerto $2.00. see of credit. No us exponere contos Requirement 1. Journals colections with funce, and collectible cone by owne med ung partons were pred vrlotta brit het explanations from any umalis) a Bagin by recording the journal entry for Maya Journal Entry Date Accounts Debit Credit b) Next, juhe the collections on account Journal Entry Date Accounts Debit Credit (c) Now journalize the write-offs of uncollectibles Journal Entry Date Accounts Debit Credit (c) (d) Finally, record the entry to journalize the uncollectible-account expense Journal Entry Date Accounts Debit (0) Credit Requirement 2 Show the ending balances in Accounts Receivable Allowance for Uncol Account Accounts Receivatie My How doespect in the next question Requirement 2. Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts and Ner Accounts Receivable at May 31 How much does Htoo expect to colec? In the following T-accounts, enter the beginning balances, the adjusting entries and compute the ending balans. (Enter the corresponding letter as the porting rolereno) Accounts Receivable Allowance for Uncollectible Accounts Compute the net accounts receivable at May 31 The net accounts receivable at May 31 is Hilltop expects to collect Requirement 3. Show how Hilltop Party Planners will report accounts receivable and net sales on May 31 balance sheet and income statement for the month ended May 1 Begin by preparing the partial balance sheet showing how the store will report accounts receivable on May 31 Balance Sheet rtial): Less Compute the net accounts receivable at May 31 The net accounts receivable at May 31 is Hilltop expects to collect Requirement 3. Show how Hilltop Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 3 Begin by preparing the partint balance sheet showing how the store will report accounts receivable on May 31, Balance Sheet (Partial): Less: Now, prepare the partial income statement showing the net sales on May 31 Income Statement (Partial) On April 30, Hilltop Party Planners had a $37,000 balance in Accounts Receivable and a $3,787 credit balance in Allowance for Uncollectible Accounts. During May, Hilltop made credit sales of $ 194,000. May collections on account were $164.000, and write-offs of uncollectible receivables totaled $2,850. Uncollectible-accounts expense is estimated as 1% of credit sales. No sales returns are expected Ignore cost of goods sold. Read the requirements Requirement 1. Journalize sales, collections, write-offs of uncollectibles, and uncollectible-account expense by the allowance method during May. Explanations are not required. (Record debits first, then credits. Exclude explanations from any Journal entries.) (a) Begin by recording the journal entry for May sales. Journal Entry Date Accounts Debit Credit (a) (b) Next, journalize the collections on account Journal Entry Accounts Debit Credit Date (b) Choose from any list or enter any number in the input fields and then continue to the next question 3:11 PM 3/7/2021 Journal Entry Accounts Date Debit Credit (b) (c) Now journalize the write-offs of uncollectibles. Journal Entry Date Accounts Debit Credit (c) d) Finally, record the entry to journalize the uncollectible-account expense. Thoose from any list or enter any number in the input fields and then continue to the next question. (d) Finally, record the entry to journalize the uncollectible-account expense. Journal Entry Date Accounts Debit (d) Credit Requirement 2. Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Receivable at May 31. How much does Hilltop expect to collect? In the following T-accounts, enter the beginning balances, the adjusting entries and compute the ending balances. (Enter the corresponding letter as the posting reference.) Accounts Receivable Allowance for Uncollectible Accounts in the navnestion Read the requirements. Accounts Receivable Allowance for Uncollectible Accounts Compute the net accounts receivable at May 31, The net accounts receivable at May 31 is Hilltop expects to collect I Requirement 3. Show how Hilltop Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 31 Begin by preparing the partial balance sheet showing how the store will report accounts receivable on May 31 Compute the net accounts receivable at May 31. The net accounts receivable at May 31 is Hilltop expects to collect Requirement 3. Show how Hilltop Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 31. Begin by preparing the partial balance sheet showing how the store will report accounts receivable on May 31, Balance Sheet (Partial): Less: Now, prepare the partial income statement showing the net sales on May 31. Income Statement (Partial)