Post to the Allowance for Doubtful Accounts general ledger account (Enter "O" for any zero balances. If the balance is zero, do not enter a debitor credit label.) Account Allowance for Doubtful Accounts Date Item Jrnl. Ref. Debit Credit Balance Dr/Cr 2019 Dec. 31 Adjusting 31600 2020 1000 Jul 29 | Write-of Sep. Write-offs 1000 7 7570 Dec. 31 Adjusting 31 Closing 35600 59630 * Transactions - X Post to the Bad Debt Expense general ledger account. (Enter "O" for any zero balances. If the balance is zero, do not enter a debit or credit label.) Account Date Bad Debt Expense Item Jrnl. Ref. Debit Credit Balance Dr/Cr 2019 Dec. 31 Estimated that bad debt expense for the year was 4 percent of credit sales of $790,000 and recorded that amount as expense. 31 Made the closing entry for the bad debt expense account. 2019 Dec 31 | Adjusting 31600 2020 Feb. 31 2020 Dec 31 Jul! Sep. 31 17 Sold inventory to Marcus Marquet $1,000, on credit terms of 2/10,n/30. Ignore the cost of goods sold. 29 Wrote off Marquet's account as uncollectible after repeated efforts to collect from the customer 6 Received $400 from Marcus Marquet, along with a letter stating his intention to pay his debt in full within 45 days. Reinstated the account in full. 21 Received the balance due from Jones. 31 Made a compound entry to write off the following accounts as uncollectible: Bob Keffer, S2,100: Mildred Moffet, $2,900; and Rupert Robertson, $12.570. 31 Estimated that bad debt expense for the year was 4 percent of credit sales of $890,000 and recorded the expense. 31 Made the closing entry for the bad debt expense Oct. Dec. Requirement 2. The December 31, 2020, balance of Accounts Receivable is $484,000. Show how accounts receivable would be reported at that date. Balance Sheet (Partial): Current Assets: Print Done receivable will prove uncollectible. Requirement 3. Assume that Christian's Clothing begins aging its accounts on December 31, 2020. The balance in Accounts Receivable is 5434.000, the credit baland a. Make the adjusting entry for uncollectibles. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Date Account Titles and Explanations Post Ref. Debit Credit 2020 Dec. 31 b. Show how Accounts Receivable will be reported on the December 31, 2020, balance sheet. Balance Sheet (Partial): Current Assets: Post to the Allowance for Doubtful Accounts general ledger account (Enter "O" for any zero balances. If the balance is zero, do not enter a debitor credit label.) Account Allowance for Doubtful Accounts Date Item Jrnl. Ref. Debit Credit Balance Dr/Cr 2019 Dec. 31 Adjusting 31600 2020 1000 Jul 29 | Write-of Sep. Write-offs 1000 7 7570 Dec. 31 Adjusting 31 Closing 35600 59630 * Transactions - X Post to the Bad Debt Expense general ledger account. (Enter "O" for any zero balances. If the balance is zero, do not enter a debit or credit label.) Account Date Bad Debt Expense Item Jrnl. Ref. Debit Credit Balance Dr/Cr 2019 Dec. 31 Estimated that bad debt expense for the year was 4 percent of credit sales of $790,000 and recorded that amount as expense. 31 Made the closing entry for the bad debt expense account. 2019 Dec 31 | Adjusting 31600 2020 Feb. 31 2020 Dec 31 Jul! Sep. 31 17 Sold inventory to Marcus Marquet $1,000, on credit terms of 2/10,n/30. Ignore the cost of goods sold. 29 Wrote off Marquet's account as uncollectible after repeated efforts to collect from the customer 6 Received $400 from Marcus Marquet, along with a letter stating his intention to pay his debt in full within 45 days. Reinstated the account in full. 21 Received the balance due from Jones. 31 Made a compound entry to write off the following accounts as uncollectible: Bob Keffer, S2,100: Mildred Moffet, $2,900; and Rupert Robertson, $12.570. 31 Estimated that bad debt expense for the year was 4 percent of credit sales of $890,000 and recorded the expense. 31 Made the closing entry for the bad debt expense Oct. Dec. Requirement 2. The December 31, 2020, balance of Accounts Receivable is $484,000. Show how accounts receivable would be reported at that date. Balance Sheet (Partial): Current Assets: Print Done receivable will prove uncollectible. Requirement 3. Assume that Christian's Clothing begins aging its accounts on December 31, 2020. The balance in Accounts Receivable is 5434.000, the credit baland a. Make the adjusting entry for uncollectibles. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Date Account Titles and Explanations Post Ref. Debit Credit 2020 Dec. 31 b. Show how Accounts Receivable will be reported on the December 31, 2020, balance sheet. Balance Sheet (Partial): Current Assets