Please answer the question. thank you.
A company uses the allowance method to account for uncollectible accounts. During the year, the company has actual bad debts of 9 $25,000. Record the write-off of the uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the write-off of the uncollectible accounts. Note: Enter debits before credits. Event General Journal Debit Credit 110 Calculate the missing amount for each of the following notes receivable. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Face Value Annual Interest Rate Fraction of the Year Interest $ 15,000 4 % 8 months $ 25,000 8 %% months 500 $ 30,000 4 months 500 6 6 months $ 600A company reports the following amounts at the end of the year (before any year-end adjustment). 11 Credit sales for the year $120,000 Accounts receivable 36,000 Allowance for uncollectible accounts 1,500 ( credit) Record the adjustment for uncollectible accounts (1) using the percentage-of-receivables method, assuming the company estimates 10% of receivables will not be collected, and (2) using the percentage-of-credit-sales method, assuming the company estimates 2% of credit sales will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the adjustment for uncollectible accounts using the percentage-of- receivables method, assuming the company estimates 10% of receivables willJournal entry worksheet A 2 Record the adjustment for uncollectible accounts using the percentage-of- credit-sales method, assuming the company estimates 2% of credit sales will not be collected. Note: Enter debits before credits. Event General Journal Debit Credit (2)12 Assume the following scenarios. Scenario 1. During 2021, Makers Consulting provides services of $100,000. The company receives an initial payment of $75,000 with the balance to be received the following year. Scenario 2. People-R-Us typically charges $?5 for a on e-year subscription. On January 1, 2021, Georgette, age T2, purchases a on e- year subscription to the magazine and receives a 20% senior citizen discount. Scenario 3. During 2021. Waste Control provides services on account for $15,000. The customer pays for those services in 2022. Scenario 4. During 2021, Tasty Foods sells grocery items to one of its customers for $125,000 on account. Cash collections on those sales are $80,000 in 2021 and $30,000 in 2022. The remaining $15,000 is written off as uncollectible in 2022. Required: For each scenario, calculate the amount of revenue to be recognized in 2021
