Please answer quickly i rate good!13)
14)
Complete the problems using the information provided in pictures and this is the part of accounting that is being used\/
(internal Controls, Cash, Accounts receivable)
(calculatong net sales, caluation of accounts receivable, recognizing bad debt expense through the "allowance method")
first problem
second problem
Barnes Books allows for possible bad debts. On May 7. Barnes writes off a customer account of $7,800. On September 9 , the customer unexpectedly pays the $7,800 balance. Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journol Entry Required" in the first account field.) Journal entry worksheet Re-entablish the portion of the account previously written off, Nate: Enter debits before rredits, Barnes Books allows for possible bad debts. On May 7, Barnes wittes off a customer account of $7.800. On September 9 , the customer unexpectedly pays the $7,800 balance. Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account fleld.) Journal entry worksheet At the end of the yeat, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $530 (credif before adjustment. The balance of Accounts Recelvable is $21,500. The company estimates that 15% of accounts will not be collected over the next year. What adjusting entry would Mercy Cosmetics record for Allowance for Uncollectlble Accounts? (If no entry is required for a particulor transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits. Barnes Books allows for possible bad debts. On May 7. Batnes writes off a customer account of $7,800. On September 9 , the customer unexpectedly pays the $7,800 balance. Record the cash collection on September 9 . (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first necount field.) Journal entry worksheet Re-establish the portion of the account previously written off. Notie: Enter debits before credits. At the end of the year, Mercy Cosmetics' balance of Allowarice for Uncollectible Accounts is $530 (credin before adjuntinetit. The balance of Accounts Recetvable is $21,500. The company estimates that 15% of accounts will not be collected over the next yeaf. What adjusting entry would Mercy Cosmetics record for Allowance for Unicollectible Accounts? (if no entry is required for a porticuler transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for Alowance for Uncollectible Accounts. Note: tinter debis before credits