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Problem 5-2 At the beginning of the year, Mary's Magnificent Marbles, Inc. had a credit balance of $1,800 in the Allowance for Doubtful Accounts. During

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Problem 5-2 At the beginning of the year, Mary's Magnificent Marbles, Inc. had a credit balance of $1,800 in the Allowance for Doubtful Accounts. During the year, she wrote off $2,000 of uncollectible accounts and recorded $2,900 of Bad Debt Expense. What is her ending balance in the Allowance for Doubtful Accounts? Problem 5-3 During the first year of operations, Terry's Travel Company earned $620,000 of revenue on account. Terry expects the uncollectible accounts to be 3% of revenue. On December 31. 201 there was $177,400 in the Accounts Receivable account. Prepare the all journal cntries related to Accounts Receivable for the year and post the ARR \& ADA T-accounts. Show how the results will appear on the financial statements. Problem 5-4 Paula's Pickles, Inc. sold $100,000 of pickles to the local grocery store on June 12th with the terms 2/10, net/30. How much cash will Paula collect if the customer pays on June 21st?. How much will she collect if the customer pays on July 1st

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