{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T01:11:14-04:00", "answer_date": "2024-05-28 01:11:14", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1811213", "url": "\/study-help\/questions\/question-5-sfb7-similar-to-part-1-of-2-hw-1811213", "question_creation_date_js": "2024-05-28T01:11:14-04:00", "question_creation_date": "May 28, 2024 01:11 AM", "meta_title": "[Solved] Question 5, SFB-7 (similar to) Part 1 of | SolutionInn", "meta_description": "Answer of - Question 5, SFB-7 (similar to) Part 1 of 2 HW Score: 8.3%, 0.83 of 10 points O Points: 0 of 1 Save The Accounts Receiv | SolutionInn", "meta_keywords": "question,5,sfb-7,similar,part,1,2,hw,score,8.3%,0.83,10", "question_title_h1": " Question 5, SFB-7 (similar to) Part 1 of 2 HW Score: 8.3%, 0.83 of 10 points O Points: 0 of 1 Save The Accounts", "question_title": " Question 5, SFB-7 (similar to) Part 1 of 2 HW Score:", "question_title_for_js_snippet": "Question 5, SFB 7 (similar to) Part 1 of 2 HW Score 8 3 , 0 83 of 10 points O Points 0 of 1 Save The Accounts Receivable balance for Lakeside, Inc at December 31, 2023, was $29,000 During 2024, Lakeside earned revenue of $461,000 on account and collected $322,000 on account Lakeside wrote off $6,400 receivables as uncollectible Industry experience suggests that uncollectible accounts will amount to 3 of accounts receivable Read the requirements Requirement 1 Assume Lakeside had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2024 Journalize Lakeside's December 31, 2024, adjustment to record ba debts expense using the percent of receivables method (Record debits first, then credits Select the explanation on the last line of the journal entry table ) Date Accounts and Explanation Dec 31 Accounts Receivable cs example Get more help Debit Credit Requirements 1 2 Assume Lakeside had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2024 Joumalize Lakeside's December 31, 2024, adjustment to record bad debts expense using the percent of receivables method Assume Lakeside had an unadjusted $2,000 debit balance in Allowance for Bad Debts at December 31, 2024 Joumalize Lakeside's December 31, 2024, adjustment to record bad debts expense using the percent of receivables method Print Done X", "question_description": "\"image\"image\"image", "transcribed_text": "Question 5, SFB-7 (similar to) Part 1 of 2 HW Score: 8.3%, 0.83 of 10 points O Points: 0 of 1 Save The Accounts Receivable balance for Lakeside, Inc. at December 31, 2023, was $29,000. During 2024, Lakeside earned revenue of $461,000 on account and collected $322,000 on account Lakeside wrote off $6,400 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 3% of accounts receivable. Read the requirements Requirement 1. Assume Lakeside had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Lakeside's December 31, 2024, adjustment to record ba debts expense using the percent-of-receivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Dec. 31 Accounts Receivable cs example Get more help- Debit Credit Requirements 1. 2. Assume Lakeside had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2024. Joumalize Lakeside's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method Assume Lakeside had an unadjusted $2,000 debit balance in Allowance for Bad Debts at December 31, 2024. Joumalize Lakeside's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. Print Done - X", "related_book": { "title": "Managerial Accounting", "isbn": "978-0073379616, 73379611, 978-0697789938", "edition": "13th Edition", "authors": "Ray H. Garrison, Eric W. Noreen, Peter C. Brewer", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/25.jpg", "uri": "\/textbooks\/managerial-accounting-13th-edition-25", "see_more_uri": "" }, "free_related_book": { "isbn": "1015887635", "uri": "\/textbooks\/the-architect-s-and-builder-s-pocket-book-1st-edition-978-1015887633-183245", "name": "The Architect S And Builder S Pocket Book", "edition": "1st Edition" }, "question_posted": "2024-05-28 01:11:14", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/be-able-to-explain-how-changes-in-transportation-impacted-economic-701823", "description": "Be able to explain how changes in transportation impacted economic growth in the United States prior to WWI.", "stars": 0 }, { "url": "\/1-martha-and-the-trapease-america-investors-believe-they-face", "description": "1. 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