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please answer requirment 3 4 of 16 (16 complete) HW Score: 95.29%, 194.4 of 204 pts y Score: 14.4 of 24 pts M%E8-19 (open response)
please answer requirment 3
4 of 16 (16 complete) HW Score: 95.29%, 194.4 of 204 pts y Score: 14.4 of 24 pts M%E8-19 (open response) Question Help Al January 1, 2018, Hilly Mountain Flagpoles had Accounts Receivable of $29,000 and Allowance for Bad Debts had a credit balance of $4,000. During the year, Hilly Mountain Flagpoles recorded the following: Click the icon to view the transactions.) Read the resuirements Accounts Receivable Allowance for Bad Debts Jan. 1.2018 Bal 29,000 138,000 Collections Net credit sales 156,000 2,700 Write-offs Write-offs 2.700 4,000 Jan 1, 2018 Bal Unad Bal 44.300 1,300 Unadi Bal Requirements. Journalize Hilly's justment to record bad debts expense assuming Hily estimates bad debts as 14% of accounts receivable. Post the adjustment to the appropriate T-accounts. Record debits first the credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate) First jumalize Hilly's adjustment to record bad debts expense. Accounts and Explanation Debit Credit 2018 Dec. 31 bad debts exponse allowance for bad debts 21540 Recorded bad debts expense for the period Choose from a list of enterary number in the input fields and then click Check Answer 2 parts Check Answer We 6 7 8 9 Step by Step Solution
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