q5 (c) financial accounting chapter 8

Prepare T accounts for accounts receivable and allowance for doubtful accounts and enter the 2023 unadjusted balances. Prepare and post the entries for these selected 2024 events and transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the omounts. List all debit entries before credit entries.) (1) March 31 a $1,000 customer balance originating in 2023 is judged uncollectible. (2) May 31, a cheque for $1,000 is received from the customer whose account was written off as uncollectible on March 31 . Prepare and post the adjusting entry for uncollectibles at December 31,2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Presented below is an aging schedule for Novak Corp. at December 31, 2023: At December 31.2023, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $10,800