Question 1 - W4: CNECT - Conne X *Course Hero X C Chegg Search X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fmybsc.bryantst... A" G W4: CNECT - Connect Assignment 4 i Saved Help Save & Exit Submit Check my work Levine Company uses the perpetual inventory system. April 8 Sold merchandise for $9,800 (that had cost $7, 242) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee . 11.11 April 12 Sold merchandise for $6,400 (that had cost $4,147) and accepted the customer's Continental Card. Continental charges a points 2.5% fee. Skipped Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.) eBook View transaction list Hint Print Journal entry worksheet References 2 3 4 V Sold merchandise for $9,800 and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. Note: Enter debits before credits. Date General Journal Debit Credit Mc Graw Hill 72F a S 7:49 PM Sunny 10/1/2022Question 3 - W4: CNECT - Conne X *Course Hero X C Chegg Search X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fmybsc.bryantst... A" G W4: CNECT - Connect Assignment 4 @ Saved Help Save & Exit Submit Check my work 3 Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,300 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. 11.11 points Prepare journal entries to record the above transactions. Skipped View transaction list eBook Hint Journal entry worksheet Print 2 3 References Record write-off of Leer Company account. Note: Enter debits before credits. Date General Journal Debit Credit March 11 Mc Graw Hill 72F O a S 7:49 PM Sunny 10/1/2022Question 4 - W4: CNECT - Conne X Course Hero X C Chegg Search X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fmybsc.bryantst... A" G W4: CNECT - Connect Assignment 4 Saved Help Save & Exit Submit Check my work 4 On January 1, Wei Company begins the accounting period with a $42,000 credit balance in Allowance for Doubtful Accounts. a. On February 1, the company determined that $9,200 in customer accounts was uncollectible; specifically, $2,100 for Oakley 11.11 Company and $7,100 for Brookes Company Prepare the journal entry to write off those two accounts. points b. On June 5, the company unexpectedly received a $2,100 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received. Skipped View transaction list eBook Print References Journal entry worksheet 2 3 On February 1, the company determined that $9,200 in customer accounts was uncollectible; specifically, $2,100 for Oakley Company and $7,100 for Brookes Company. Prepare the journal entry to write off those two accounts. Note: Enter debits before credits. Date General Journal Debit Credit February 01 Mc Graw Hill 72F a S 7:50 PM Sunny O 10/1/2022Question 7 - W4: CNECT - Conne X * Course Hero X C Chegg Search X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fmybsc.bryantst... A G W4: CNECT - Connect Assignment 4 i Saved Help Save & Exit Submit Check my work 7 Warner Company's year-end unadjusted trial balance shows accounts receivable of $110,000, allowance for doubtful accounts of $710 (credit), and sales of $390,000. Uncollectibles are estimated to be 1% of sales. 11.11 Prepare the December 31 year-end adjusting entry for uncollectibles. points View transaction list eBook Hint Journal entry worksheet Print References Record the estimate of uncollectibles. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Mc Graw Hill 72F O a 7:50 PM Sunny 10/1/2022Question 8 - W4: CNECT - Conne X *Course Hero X C Chegg Search X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fmybsc.bryantst... A" G W4: CNECT - Connect Assignment 4 i Saved Help Save & Exit Submit Check my work 8 Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $72,000, and it estimates that 3% will be uncollectible. 11.11 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts points has: (a) a $1,224 credit balance before the adjustment. eBook (b) a $360 debit balance before the adjustment. Hint Print View transaction list References Journal entry worksheet 2 V Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,224 credit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit Mc Graw Hill 72F a S 7:50 PM Sunny 10/1/2022Question 9 - W4: CNECT - Conne X *Course Hero X C Chegg Search X + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fmybsc.bryantst... A" G W4: CNECT - Connect Assignment 4 i Saved Help Save & Exit Submit Check my work 9 At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 920,000 11.12 Credit sales 320, 000 points Its year-end unadjusted trial balance includes the following items. eBook Accounts receivable $ 145, 000 debit Allowance for doubtful accounts 7, 090 debit Hint Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of Print total sales and (3) 6% of year-end accounts receivable. References View transaction list Journal entry worksheet 2 3 V Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales. Mc Graw