Pathway to Intermediate Accounting Exercises Score: 0.36 of 1 pt E5-19A (book/static) 4 19 of 31 (19 complete) Moana Martinho 12/11/202:18 PM Saver HW Score: 58.54%, 18.15 of 31 pts On June 30, Premier Party Planners had a $35.000 balance in Accounts Receivable and a $2.752 credit balance in Alowance for Uncollectible Accounts. During July, Premier made credit sales of $193,000 July collections on account were $164,000, and write-offs of uncollectible receivables totaled $2.870 Uncollectible-accounts expense is estimated as 3% of credit sales. No sales retums are expected Ignore cost of goods sold Read the requirements Alowance for Uncollectible Accounts 16750 Requirement 2. Show the ending balances in Accounts Recevable, Allowance for Uncollectible Accounts, and Not Accounts Receivable at July 31, How much does Premier expect to collect? In the folowing T-accounts, enter the beginning balances, the antingentes and compute the ending balances the nonding ber Accounts Receivable Awance for Und Sale Ac Choose from any list or enter any number in the guts and men ock Check Ace no i Requirements - X 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 Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Receivable at July 31. How much does Premier expect to collect? 3. Show how Premier Party Planners will report accounts receivable and net sales on its July 31 balance sheet and income statement for the month ended July 31. Print Done