Please help with answers for "Acconts Receivable A/C 114". I also need a little help with the answers to the journal portion (bottom of page) in addition verifying ithat I have the correct answers. Thank you!

Open the following selected accounts recording the opening balances as of January 1 of the current year. In the (Project 3 Excel Spreadsheet Problem 2 Parts 2 - 6 tab).

114.1	Allowance for doubtful accounts	12,200 Credit
313	Income summary
718	Bad debts expense

Record the following transactions in general journal form in the Project 3 Excel Spreadsheet Problem 2 Parts 2 - 6 tab.

Post these transactions to the three selected accounts above and to Accounts receivable in the Project 3 Excel Spreadsheet Problem 2 parts 2 - 6 tab.

Enter the ending balances in the three accounts above and enter the ending balance in the Accounts Receivable account. Enter those balances in the Project 3 Excel Spreadsheet Problem 2 parts 2 - 6 tab.

Apr 1, 09	Accepted a $20,000, one - year, 8% note dated April 1 from Bruce Hanson for the sale of inventory; Cost of Goods Sold was $16,500.
June 27	Wrote off the $2,375 balance owed by Miller Corp., which has no assets.
Oct. 5	Received 25% of the $12,000 balance owed by F.M. Knox Co., a bankrupt, and wrote off the remainder as uncollectible.
Dec. 31	Based on an analysis of the $257,724 of accounts receivable, it was estimated that $14,500 will be uncollectible. Record the adjusting entry using the Aging method.
Dec. 31	Record the adjusting entry for interest accrued on the Bruce Hanson note
Dec. 31	Record the entries to close the appropriate accounts into Retained Earnings.
April 1, 10	Collected the maturity value on the Hanson note.

Determine the net accounts receivable (the amount Summer expects to collect as of December 31 and enter in the Project 3 Excel Spreadsheet Problem 2 Parts 2 - 6 tab).

Accounts Receivable A/C 114 Jan 1 172,099 1,800,000 |(2) 1,700,000 Bal. 12/31 1. Represents all of the sales on account for the year. 2. Represents collections from customers on account for the year. Allow. For doubtful accounts A/C 114.1 Jan 1 Retained Earnings A/C 313 300,000 Jan 1 Bad Debts Expense A/C 718 Bal