Post to the Allowance for Doubtful accounts general ledger

art 11 of 15 at amount al Required 1. Record the transactions in the general journal, and post to the general ledger accounts for Allowance for Doubtful Accounts and Bad Debt Expense. Keep running balances. 2. The December 31, 2020, balance of Accounts Receivable is $145,000. Show how accounts receivable would be reported at that date. 3. Assume that Martian Co, begins aging accounts receivable on December 31, 2020. The balance in Accounts Receivable is $145,000, the credit balance in Allowance for Doubtful Accounts is $44,085.00, and the company estimates that $46,900 of its accounts receivable will prove uncollectible. a. Make the adjusting entry for uncollectibles. b. Show how Accounts Receivable will be reported on the December 31 2020, balance sheet after this adjusting entry Print Done sold Clear all Final check MacBook Air a DII DD F7 F8 FC F10 F11 F12 1 & Martian Co. completed the following selected transacions (Click the icon to view the transactions.) Required Requirement 1. Record the transactions in the general journal, and post to the general ledger accounts for Allow explanations from journal entries. Abbreviations used: Adj. - Adjusting entry, Clos. = Closing entry, WO Begin by recording the 2019 transactions in the general journal. Dec. 31: Estimated that bad debt expense for the year was 5 percent of credit sales of $383,500 and recorded tha Dato Accounts and Explanation Debit Credit 2019 19,175 Dec 31 (Adi) Bad Debt Expense Allowance for Doubtful Accounts 19,175 Dec. 31: Made the closing entry for bad debts expense. Date Accounts and Explanation Debit Credit 2019 19,175 Dec 31 (Cios) Income Summary Bad Debt Expense 19,175 Now record the 2020 transactions in the general journal. Mer 26: Sold inventory to Michele Jayco, 59,900.00, on credit forms of 2/10, 1030. Ignore cost of goods sold Enter Calculator MacBook esc 8 $ 80 F3 F2 888 F4 FS 2 A 1 2 #m 3 $ 4 07 de % 5 6 (Click the icon to view the transactions.) Required Now record the 2020 transactions in the general journal. Mar. 26: Sold inventory to Michelle Jayco, $9,600.00, on credit terms of 2/10, n/30. Ignore cost of goods sold. Date Accounts and Explanation Debit Credit 2020 Mar. 26 9,600.00 Accounts Receivable-Michelle Jayco Sales Revenue 9,600.00 Sep 15: Wrote off Michelle Jayco's account as uncollectible after repeated efforts to collect from her Debit Credit Date Accounts and Explanation 2020 Sep. 15 Allowance for Doubtful Accounts Accounts Receivable Michelle Jayco 9,600.00 9.600.00 Nov. 10: Received 55,550 from Jayco, along with a letter stating her intention to pay her debt in full within 30 days. Reins Start by recording the entry to reinstate the account. Date Accounts and explanation Debit Credit Enter Calculator MacBooi esc 8 FI BO 3 F2 888 54 75 2 N@ 1 w # A 3 N+ 4 07 de % 5 6 co n 14 (Click the icon to view the transactions.) Required Nov. 10: Received $5,550 from Jayco, along with a letter stating her intention to pay her debt in full with Start by recording the entry to reinstate the account. Date Accounts and Explanation Debit Credit 2020 9,600.00 Nov. 10 Accounts Receivable-Michelle Jayco Allowance for Doubtful Accounts 9,600.00 Now record the $5,550 received from Michelle Jayco. Date Accounts and Explanation Debit Credit 2020 Nov. 10 Cash 5,550 Accounts Receivable-Michelle Jayco 5,550 Dec 5: Received the balance due from Jayco Accounts and Explanation 2020 Date Debit Credit ter Calculator Ma esc 80 F3 888 FI F2 F4 F5 @ # $ % Martian Co. completed the following selected transactions during 2019 and 2020: (Click the icon to view the transactions.) Required Dec. 5: Received the balance due from Jayco. Debit Accounts and Explanation Dato Credit 2020 4,050.00 Dec 5 Cash Accounts Receivable-Michelle Jayco 4,050.00 Dec 31: Made a compound entry to write off the following accounts as uncollectible: Billy Krupp. $1,800; Marie Cut Date Accounts and Explanation Debit Credit 2020 13,490.00 Dec 31 (WO) Allowance for Doubtful Accounts Accounts Receivable Baly Krupp Accounts Receivable-Marie Cuty Accounts Receivable Richard Renik 1.800.00 820.00 10,870.00 Dec 31: Estimated that bad debts expense for the year was 4 percent on credit sales of $960,000 and recorded the e Date Accounts and Explanation Debit Credit 2020 Dec 31 Bad Debt Expense 38.400 ter Calculator MacBc esc 098 F! 80 F3 F? F4 @ # $ . % A 1 2 3 A Martian Co. completed the following selected transactions during 2019 and 2020: (Click the icon to view the transactions.) Required Dec. 31: Estimated that bad debts expense for the year was 4 percent on credit sales of $960,000 and rem Date Accounts and Explanation Debit Credit 2020 38,400 Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts 38,400 (Adj.) Debit Credit Dec. 31: Made the closing entry for bad debts expense. Date Accounts and Explanation 2020 Dec 31 Income Summary (Clos) Bad Debt Expense 38,400 38,400 Post to the Allowance for Doubtful Accounts general ledger account. (Round amounts to the nearest centas Account Allowance for Doubtful Accounts Date Item Jml, Rot. Debit Credit Balance Dr/Cr Enter 2019 Calculator Ma esc F1 80 F3 F2 F4 F5 2 @ # $ % Debit Accounts and Explanation Date Credit 2020 38.400 Dec. 31 Income Summary Bad Debt Expense 38,400 (Clos) Post to the Allowance for Doubtful Accounts general ledger account. (Round amounts to the nearest cent as needed. Ent Allowance for Doubtful Accounts Account Date Item Jenl. Ref. Debit Credit Balance Dr/Cr 2019 Dec 3 2020 Sep. 15 Nov. 10 Dec 31 31 Calculator MacBook Air esc 80 F3 FI F2 888 F4 FS @ ! 1 W # 2 3 $ 4 % 5 O > 6 Q W E tab R T . S s lock D F G