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pls use the choices provided for the blanks Use the information from the following journal entries to answer the questions about Topaz Inc. for 2020
pls use the choices provided for the blanks
Use the information from the following journal entries to answer the questions about Topaz Inc. for 2020 . (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31, 2020? 2. Start with the Allowance account's beginning credit balance, ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31,2020 , does the company expect not to collect? 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? (Leave any unused cells blank.) Using the T-account you prepared above, how much is the company owed at December 31, 2020? \$ Requirement 2. Start with the Allowance account's beginning credit balance ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2020, does the company expect not to collect? (Leave any unused cells blank.) Using the T-account you prepared above, how much does the company expect not to collect at December 31,2020? The company expects not to collect at December 31, 2020, \$ Requirement 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Topaz's net realizable value of accounts receivable is $ Use the information from the following journal entries to answer the questions about Topaz Inc. for 2020. (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? 2. Start with the Allowance account's beginning credit balance, ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31,2020 , does the company expect not to collect? 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? (Leave any unused cells blank.) Requirement 3. At December 31,2020 , what is the net realizable value of the company's accounts receivable? Topaz's net realizable value of accounts receivable is $ (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? 2. Start with the Allowance account's beginning credit balance, ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31,2020 , does the company expect not to collect? 3. At December 31,2020 , what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance (\$88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31, 2020 ? (Leave any unused cells blank.) Using the T-account you prepared above, how much is the company owed at December 31,2020?$ Requirement 2. Start with the Allowance account's beginning credit balance ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2020, does the company expect not to collect? (Leave any unused cells blank.) Beg. Bal. you prepared above, how much does the company expect not to collect at December 31,2020 ? End. Bal. ts not to collect at December 31,2020,$ Expense Jecember 31,2020 , what is the net realizable value of the company's accounts receivable? Write-offs Use the information from the following journal entries to answer the questions about Topaz Inc. for 2020 . (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31, 2020? 2. Start with the Allowance account's beginning credit balance, ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31,2020 , does the company expect not to collect? 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? (Leave any unused cells blank.) Using the T-account you prepared above, how much is the company owed at December 31, 2020? \$ Requirement 2. Start with the Allowance account's beginning credit balance ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2020, does the company expect not to collect? (Leave any unused cells blank.) Using the T-account you prepared above, how much does the company expect not to collect at December 31,2020? The company expects not to collect at December 31, 2020, \$ Requirement 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Topaz's net realizable value of accounts receivable is $ Use the information from the following journal entries to answer the questions about Topaz Inc. for 2020. (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? 2. Start with the Allowance account's beginning credit balance, ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31,2020 , does the company expect not to collect? 3. At December 31, 2020, what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? (Leave any unused cells blank.) Requirement 3. At December 31,2020 , what is the net realizable value of the company's accounts receivable? Topaz's net realizable value of accounts receivable is $ (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31,2020 ? 2. Start with the Allowance account's beginning credit balance, ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31,2020 , does the company expect not to collect? 3. At December 31,2020 , what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance (\$88,000) and then post to the Account Receivable T-account. How much do Topaz's customers owe the company at December 31, 2020 ? (Leave any unused cells blank.) Using the T-account you prepared above, how much is the company owed at December 31,2020?$ Requirement 2. Start with the Allowance account's beginning credit balance ($19,000) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2020, does the company expect not to collect? (Leave any unused cells blank.) Beg. Bal. you prepared above, how much does the company expect not to collect at December 31,2020 ? End. Bal. ts not to collect at December 31,2020,$ Expense Jecember 31,2020 , what is the net realizable value of the company's accounts receivable? Write-offsStep by Step Solution
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