On June 30 Flower Party Planners had a35,000 balance in Accounts Receivable and a $3.299 credit balance in Allowance or uncollectible Accounts. During July Flower made credit sales o $192,000. July collections on account were $168 and write-offs of uncollectible receivables totaled $2.840 uncollectible-accounts expense is estimated as 2% of credit sales. No sales returns are expected. Ignore cost of goods sold. Read the recuirements Requirement 1. Journalize sales, collections, write-ofts of uncollectibles, and uncollectible-account expense by the allowance method during July. Explanations are not required. (Record debits tirst, then credits. Exclude explanations from any joumal entries.) (a) Begin by recording the journal entry for July sales. Journal Entry Requirements Date Accounts Debit Credit 1. Journalize sales, collections, write-offs of uncollectibles, and uncollectible-account expense by the allowance method during July Explanations are not required. 2. Show the ending balances in Accounta Receivable, Allowance for (b) Next, journallze the collections on account. Uncollectible Accounts, and Net Accounts Receivable at July 31. How much does Flower expect to collect? Journal Entry 3. Show how Flower Party Planners will repert accounts recelvable and net Date Accounts Debit Credit sales on its July 31 balance sheet and income statement for the month ended July 31 Print Done