Question 14 of 15 - 11 View Policies Current Attempt in Progress Accounts receivable transactions are provided below for Sunland Co. Dec 31, 2020 Mar 5, 2021 The company estimated that 4% of its accounts receivable would become uncollectible. The balances in the Accounts Receivable account and Allowance for Doubtful Accounts were $612.000 and $2.500 detit) respectively The company determined that R. Mirza's $3,700 account and D. Wie 57400 account were uncollectible, The company's accounts receivable were $646.500 before the accounts were written oft Wight paid the amount that had been written off on March. The company's accounts receivable were $600,900 prior to recording the cash receipt for Wight June 6, 2021 Prepare the journal entries on December 31, 2020, March 5, 2021, and June 6, 2021. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit To record estimate of uncollectible accounts.) ECONO + W CHAPTER Anh Question 14 of 15 11 (To record estimate of uncollectible accounts) + (To record write off of accounts receivable) . . (To record write off of accounts receivable) (To reverse write off.) | (Collection of account that was previously Post the journal entries to Allowance for Doubtful Accounts and calculate the new balance after each entry. Allowance for Doubtful Accounts Date Explanation Ref. Debit Credit Balance Dec. 31. Balance unadjusted Debit 2020 Dec. 31. AJE 2020 Mar. 5. Write off Mirza 2021 Mar. 5. Write off Wight 2021 June 6, Reverse write off 2021 e Textbook and Media List of Accounts MacBook Pro Question 14 of 15 - 1 !!! 2021 e Textbook and Media List of Accounts Calculate the carrying amount of the accounts receivable both before and after recording the cash receipt from Wight on June 6, 2021 Carrying amount before recovery $ $ Carrying amount after recovery eTextbook and Media List of Accounts Attempts:0 of 15 used Submit Answer Save for Later MacBook Pro