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Question 1 of 16 - 16 View Policies Current Attempt in Progress The Skysong, Inc. uses the allowance method in accounting for uncollectible accounts. Past

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Question 1 of 16 - 16 View Policies Current Attempt in Progress The Skysong, Inc. uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 5% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2021, and December 31, 2022. appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/2021 $467.000 100,000 12/31/2022 $508,500 180,000 ? 5.000 (a) Record the following events in 2022. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Aug 10 Determined that the account of Kurt West for $1.000 is uncollectible Sept. 12 Determined that the account of Jill Lynch for $2,600 h uncollectible. Received a check for $480 as payment on account from Kurt West, whose account had previously been written off as uncollectible. Oct 10 Credit Debit Date Account Titles and Explanation Question 1 of 16 -/16 Aug 10 Sept. 12 Oct. 10 Determined that the account of Kurt West for $1.000 is uncollectible Determined that the account of Jill Lynch for $2.600 is uncollectible. Received a check for $480 as payment on account from Kurt West, whose account had previously been written off as uncollectible Date Account Titles and Explanation Debit Credit (To reinstate Kurt West account previously written off) (To record collection) e Textbook and Media List of Accounts

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