On April 30, Premier Party Planners had a $43,000 balance in Accounts Receivable and a $3,899 credit balance in Allowance for Uncollectible Accounts. During May, Premier made credit sales of $196,000. May collections on account were $167,000, and write-offs of uncollectible receivables totaled $2,820. 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 (a) Accounts Debit Credit

On Apri 30, Premier Party Planners had a 543,000 balance in Accounts Recewatie and a $3,899 credt balance in Alowance for Uncolectble Acoounts. Durng May, Premier made credit saies of $195,000 May colections on accourt were $167,000, and whe-ots of uncolectble recenvables totaled $2.820, Uncolectble-accounts expense is estimated as 1% of credit sales No sales rotums are empected, ignore cost of goods sold. Read the requirements. Requirement 1. Journaize sales, colections, wenk-ots of uncolectibles, and uncothetble-account erpense by the allowance method durng May. Explanatchs are not required. (Record debits fint then credas. Exclude explanations from ary joumal entres) (a) Begn by recording the journal entry for May sales. Requirements 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 Receivable at May 31. How much does Premier expect to collect? 3. Show how Premier Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 31. Requirement 1. Journalize sales, collections, write-offs of uncollectibles, and uncollectible-acc then credits. Exclude explanations from any journal entries.) (a) Begin by recording the journal entry for May sales