Question 11 of 12 > - / 45 Current Attempt in Progress At December 31, 2021, Pina Colada Corp. reported this information on its balance sheet. $640.000 Accounts receivable Less: Allowance for doubtful accounts 41.000 During 2022, the company had the following transactions related to receivables. 1. $3,060,000 2 50,000 3. Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of accounts previously written off as uncollectible 2,760.000 42.000 4. 20,000 5. lal At December 31, 2021. Pina Colada Corp. reported this information on balance sheet Accounts receivable 5640.000 Less Allowance for doubtful accounts 4L000 Durine 2022, the company had the following transactions related to recebe 1 Sales on account 53.660.000 2 Sales returns and allowances 50.000 Collections of accounts receivable 2760.000 4. Write oths of accounts receivable deemed uncollectible 2000 5. Recovery of accounts previously written off an uncollectible 20.000 3 fa) Prepare the journal entries to record each of these five transactions that moscounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) Credit cartomatically indented when amount is entered. Do not indent manually. If no entry is required, select entry for the files and enter for the amounts: No Account Titles and Explanation Debit Credit 1 5 forever account previously written forecord the collection of accounts Question 11 of 12 > - / 45 Current Attempt in Progress At December 31, 2021, Pina Colada Corp. reported this information on its balance sheet. $640.000 Accounts receivable Less: Allowance for doubtful accounts 41.000 During 2022, the company had the following transactions related to receivables. 1. $3,060,000 2 50,000 3. Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of accounts previously written off as uncollectible 2,760.000 42.000 4. 20,000 5. lal At December 31, 2021. Pina Colada Corp. reported this information on balance sheet Accounts receivable 5640.000 Less Allowance for doubtful accounts 4L000 Durine 2022, the company had the following transactions related to recebe 1 Sales on account 53.660.000 2 Sales returns and allowances 50.000 Collections of accounts receivable 2760.000 4. Write oths of accounts receivable deemed uncollectible 2000 5. Recovery of accounts previously written off an uncollectible 20.000 3 fa) Prepare the journal entries to record each of these five transactions that moscounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) Credit cartomatically indented when amount is entered. Do not indent manually. If no entry is required, select entry for the files and enter for the amounts: No Account Titles and Explanation Debit Credit 1 5 forever account previously written forecord the collection of accounts
