P.ART i) (3 poisis) You are given the following 2 selected insneactintis fis ite Ifnikin Compeny. balanse. The car had a cost of 537,500 and a book value of 511,750 a ita tume of the swle. (2) Ou November 19, sold furniture for 55,100 in cakh. The furniture faad a cop of 514,300 and a book vatue or 56,475 at the time of the sale. (nstrecrions: On the ecncral journat page provided helow, prepare (in sood torm) the appiopriate jourcal entry Gor may 1 oif inshisd Urban Hardware Store uses the accounts receivable aging method (percentage of recevables) to acesuat for bed debt losses. Prior to adjustment the balance of the "Allowance for Doubiffil Acrounts" aceoant was a crodit balince of 53,195 As of the PART E ( 6 points) December 31 fiscal year end the company's acectintams pregared the foliowing data about ending roceivablen: $590,000notyetdue140,0001-30dayspastdue80,00031.90dayspastdue58,000Over90dayipastdue The accoqntunt made the following estimates of bad debts: TheaccoumiantmadeineioliotsdoeNotye130dayspastdue3190dayspastducOver90dayspastdue3%10%25%50% Instruwins: On the general jourmal page provided below, prepare (in good form) the appropriate December 31 general ) tha viear ended December 31. Rententher to inchude the date. P.ART i) (3 poisis) You are given the following 2 selected insneactintis fis ite Ifnikin Compeny. balanse. The car had a cost of 537,500 and a book value of 511,750 a ita tume of the swle. (2) Ou November 19, sold furniture for 55,100 in cakh. The furniture faad a cop of 514,300 and a book vatue or 56,475 at the time of the sale. (nstrecrions: On the ecncral journat page provided helow, prepare (in sood torm) the appiopriate jourcal entry Gor may 1 oif inshisd Urban Hardware Store uses the accounts receivable aging method (percentage of recevables) to acesuat for bed debt losses. Prior to adjustment the balance of the "Allowance for Doubiffil Acrounts" aceoant was a crodit balince of 53,195 As of the PART E ( 6 points) December 31 fiscal year end the company's acectintams pregared the foliowing data about ending roceivablen: $590,000notyetdue140,0001-30dayspastdue80,00031.90dayspastdue58,000Over90dayipastdue The accoqntunt made the following estimates of bad debts: TheaccoumiantmadeineioliotsdoeNotye130dayspastdue3190dayspastducOver90dayspastdue3%10%25%50% Instruwins: On the general jourmal page provided below, prepare (in good form) the appropriate December 31 general ) tha viear ended December 31. Rententher to inchude the date
