Please answer all parts thank you

Brecha Hogan is president of Hogan Company, a manufacturer of toys for children For the past 10 years, the company has sold its product to both wholesale and retail dealers of toys in the northeast United States. Over the years, the company has come to know its customers well. While all sales are made on credit, few credit losses have occurred. The company's experience has shown that an annual provision for uncollectible accounts of 0.3 of 1 percent of sales is adequate in the old territory. Early in 20X1, Hogan Company decided to expand and develop a new sales base in the southeastern United States Hogan was pleased when credit sales of $870,000 were achieved in the new territory during the year. To achieve this level of sales and get a foothold in the new territory, though, credit was allowed to some customers with lower credit ratings than had been granted in the past. Given its liberal credit policies in the new territory Hogan estimates that the provision in the new territory should be 4% above actual first year's losses in the initial period of development The credit losses connected with sales in the southeast become apparent by the end of 20X1. The following losses from new territory customers had been identified before year-endi 1. On September 30, it was determined that nothing could be collected from Bedford Toy Outlets, which owed Hogan $91,500. The account was written oft 2. On December 10, another new customer, Forever Young Fun Shops, which owed Hogan $227,000, entered receivership. On that date Hogan was offered, and accepted, a check for $117.000 in final settlement of the debt The balance was charged off 3. On December 18. Technology Toys went out of business, and no collection of the $30,300 owed Hogan is anticipated. The account was charged off. The fallowing additional information about the old and new territory became available on December 31 Sales in the old territory totaled $25,190,000 in 20X1 Sales in the new territory totaled $870,000 in 20X1. Accounts receivable of $93,900 attributed to customers in the old sales territory were determined to be uncollectible and were written off, Required: 1. Record in general journal entries the transactions described above for Hogan Company. All sales are on account Use the date of December 31 to make the entry to summarize sales for the year in the old territory and new territory 2. Give the journal entries to record the write-off of accounts in the new territory 3. Give the journal entry to record the write-off of accounts in the old territory 4. Give the entry on December 31 to record uncollectible accounts expense for 20x1 for both territories. Make the calculation using the percentages developed by Hogan 5. Assume that the Allowance for Doubtful Accounts had a credit balance of $28,300 on September 30 before any of the above entries were made. Calculate the balance in the allowance account after all of the above entries have been posted Required 1 Required 2 Required 3 Required 4 Required 5 Analyze Record in general journal entries the transactions described above for Hogan Company, All sales are on account. Use the date of December 31 to make the entry to summarize sales for the year in the old territory and new territory View transaction list Journal entry worksheet Record the partial payment and write off balance of account determined to be uncollectible for Forever Young Fun Shops Note: Enter debits before credits: General Journal Debit Credit Date Dec 10. 20X1 View transaction list Journal entry worksheet 2 3 > Record the entry to write off account determined to be uncollectible for Technology Toys. Note: Enter debits before credits General Journal Debit Credit Date Dec 18, 20X1 MO Required 1 Required 2 Required 3 Required 4 Required s Analyze Prepare the journal entry to record the write-off of accounts in the old territory. View transaction list Journal entry worksheet > Record the entry to write off account determined to be uncollectible in old territory Note: Enter debits before credits General Journal Debit Credit Date Dec 31 20X1 Required 1 Required 2 Required 3 Required 4 Required Analyze Prepare the journal entry on December 31 to record uncollectible accounts expense for 20x1 for both territories. Make the calculation using the percentages developed by Hogan. (Do not round Intermediate calculation and round final answer to nearest whole dollar) View transaction list Journal entry worksheet Record the estimated bad debt losses, Hote: Enter debits before credits General Journal Debit Credit Date Dec 31 20x1 Required 1 Required 2 Required 3 Required 4 Required 5 Analyze Assume that the Allowance for Doubtful Accounts had a credit balance of $28,300 on September 30 before any of the above entries were made. Calculate the balance in the allowance account after all of the above entries have been posted (Do not round intermediate calculation and round final answer to nearest whole dollar) Balance Required: Required 2 Required 3 Required 4 Required 5 Analyze Based on actual losses experienced by Hogan in the new territory are the credit granting policies for the new territory too liberal? The credit granting policies for the new Territory too liberal