Question Help On June 30, Hilltop Party Planners had a $36.000 balance in Accounts Receivable and a $3,011 credit balance in Alowance for Uncollectible Accounts. During July, Hiltop made credit sales of $190,000. July collections on account were 5172,000, and write-offs of uncollectible receivables totaled $2.910. Uncollectible accounts expense is estimated as 1% of credit sales. No sales returns we expected. ignore coul of goods sold. Read the requirements Requirement 1. Joumate ales, collections, urte-ch of collectibles, and uncolectible account expense by the allowance method during Jay. Explanations are not required. Record debts first, then condits. Bulude explanations from any journalis) ()Begin by recording the jumal entry for Julysales. Journal Entry Date Account Debit Credit Account Receive 198,000 Sales Revenge 190.000 estate colections on court Journal Entry Date AL Credit Debit 172.000 172.000 Enter any number in the standen Check Answer (e) Now journalize the write-offs of uncollectibles Journal Entry Date Accounts (c) Allowance for Uncollectible Accounts Accounts Receivable Credit Debit 2,910 2,910 (d) Finally, record the entry to male the collectible-account expense Journal Entry Date Account Debit Uncollectible Account Expense 1,980 Allowance for Uncollectible Accounts Credit 1.980 Requirement 2. Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Net Accounts Receivable at July 31. How much does Hilltop expect to collect? In the following T-accounts, enter the beginning balances, the adjusting entries and compute the ending balances (Enter the corresponding letter as the posting reference.) Beg Bal Accounts Receivable 36.000 (b) 198,000 (c) 59,090 172,000 2,910 Allowance for Uncollectible Accounts Beg Bal 3,011 (c) 2,910 (d) 1.980 Bal 2,081 Bal Compute the net accounts receivable at July 31. The net accounts receivable at July 31 is $ Enter any number in the edit fields and then click Check Answer Requirement 3. Show how Premier Party Planners will report accounts receivable and not sales en la December 31 balance sheet and income statement for the month ended December 31 Begin by preparing the partial balance shoot showing how the store will report accounts receivablo on December 31. Balance Sheet (Partial Less Requirement 3. Showhow Premier Party Planners will report accounts receivable and sales on December 31 balance sheet and income statement for the month anded December 31 Begin by properting the portal balance sheet showing how the store will report accounts receivable of December 31, Balance Sheet Partial Less Now prepare the partial income statement showing the net sales on December 31 Income Statement Partial