On April 30, Precise Party Planners had a $40,000 balance in Accounts Receivable and a $3,398 credit balance in llowance for Uncollectible Accounts. sales of $192,000. May collections on account were $168,000, and write-offs of uncollectible recelvables totaled $2,880. Uncollectible-accounts expense Read the requirem Ruirements Requirement 1. J debits first, then cr (a) Begin by record Date 1. Journalize sales, collections, write-offs of uncollectibles, and uncollectible-account expense by the allowance method during May. Explanations are not required. 2. Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Recelvable at May 31. How much does Precise expect to collect? 3. Show how Precise Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 31. ice method during May. Explanati (a) On April 30, Precise Party Planners had a $40,000 balance in Accounts Receivable and a $3,398 credit balance in llowance for Uncollectible Accounts. sales of $192,000. May collections on account were $168,000, and write-offs of uncollectible recelvables totaled $2,880. Uncollectible-accounts expense Read the requirem Ruirements Requirement 1. J debits first, then cr (a) Begin by record Date 1. Journalize sales, collections, write-offs of uncollectibles, and uncollectible-account expense by the allowance method during May. Explanations are not required. 2. Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Recelvable at May 31. How much does Precise expect to collect? 3. Show how Precise Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 31. ice method during May. Explanati (a)