Question 1 of 4 > -/2 View Policies Current Attempt in Progress Flint Co. uses the net method to account for cash discounts. On June 1, 2020. it made sales of $64.800 with terms 2/15, 1/45. On June 12, 2020. Flint received full payment for the June 1 sale. Prepare the required journal entries for Flint Co. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit June 1 June 12 eTextbook and Media List of Accounts Save for Later Last saved 44 minutes ago Saved work will be auto-submitted on the due date Attempts: 0 of 5 used Submit Answer -/3 Question 4 of 4 View Policies Current Attempt in Progress Wildhorse Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Wildhorse's Accounts Receivable account was $581,000 and Allowance for Doubtful Accounts had a credit balance of $40,670. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Days Account Outstanding Less than 16 days Between 16 and 30 days Between 31 and 45 days Between 46 and 60 days Between 61 and 75 days Over 75 days (to be written off) Amount $313.600 111.700 82.900 40,200 18,400 14200 Probability of Collection 0.97 0.90 0.86 0.78 0.57 0.00 (a) What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Balance for Allowance for Doubtful Accounts $ e Textbook and Media Save for later Attempts: 0 of 5 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above