Question 2 of 5 > -12 View Policies Current Attempt in Progress On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,432, Sunland Company estimates that 9% of its accounts receivable balance of $105,900 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2022, Sunland Company determined that B. Jared's account was uncollectible and wrote off $1,091. On June 12, 2022, Jared paid the amount previously written off. Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation December 31, 2021 Accounts Receivable Debit Credi 1432 (To reinstate account previously written off) Assistance Used e Textbook and Media Question 4 of 5 View Policies Show Attempt History Current Attempt in Progress Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $161,000 11,300 942,000 912,000 5,200 2,200 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. (a) Question 4 of 5 0.33/2 Your answer is correct. Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Accounts Receivable 942000 942000 Sales Revenue (To record sales on account) Cash 912.000 Accounts Receivable 912.000 (To record collection of accounts receivable) Assistance Use e Textbook and Media List of Accounts Attempts: 2 of 5 used List of Accounts Attempts: 2 of 5 used (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Assistance Used e Textbook and Media e Textbook List of Accounts Submit Answer Attempts: 0 of 5 used Save for Later