Question Help The September 30, 2019, records of Image Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the last quarter of 2019, the company completed the following selected transactions: (Click the icon to view the selected transactions.) During the year, Image Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. (Click the icon to view the Accounts Receivable balance and aging schedule to be used at December 31, 2019.) Read the requirements. Requirement 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Wrote off as uncollectible the $1,600 account receivable from Green Carpets and the $600 account receivable from Good Antiques. Journal Entry Date Accounts Debit Credit Nov The September 30, 2019, records of Image Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the last quarter of 2019, the company completed the following selected transactions: (Click the icon to view the selected transactions.) During the year, Image Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. (Click the icon to view the Accounts Receivable balance and aging schedule to be used at December 31, 2019.) Read the requirements Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from Requirement 1 to that account. Open the T-account by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts T-account and calculate the ending balance. Allowance for Uncollectible Accounts Requirement 3. Show how Image Communications will report its accounts receivable in a comparative balance sheet for 2018 and 2019. (Use the three-line reporting format.) At December 31, 2018, the company's Accounts Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 3. Show how Image Communications will report its accounts receivable in a comparative balance sheet for 2018 and 2019. (Use the three-line reporting format.) At December 31, 2018, the company's Accounts Receivable balance was $211,000, and the Allowance for Uncollectible Accounts stood at $4,800. (Be sure to use the Accounts Receivable balance at December 31, 2019 given in the problem data) Image Communications Comparative Balance Sheet (partial) December 31, 2019 and 2018 2019 2018 Less: Choose from any list or enter any number in the input fields and then continue to the next question, Adjusted the Allowance for Uncollectible Accounts and recorded doubtful-account expense at year-end, based on the aging of receivables. Journal Entry Accounts Debit Credit Date Dec 31 Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beainning balance. Post the entries from Requirement 1 to that account. Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Wrote off as uncollectible the $1,600 account receivable from Green Carpets and the $600 account receivable from Good Antiques. Journal Entry Date Accounts Debit Credit Nov 30 Choose from any list or enter any number in the input fields and then continue to the next question. i More Info Accounts Receivable and aging schedule to be used at December 31, 2019 Accounts Receivable Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 132,000 $ 53,000 $ 14,000 $ 32,000 0.2% 2% 15% 35% $231,000 Estimated percent uncollectible Print Done : Question Hel Data Table nt expense at 1% of credit sales s the balance in the Allowance fo ns schedule to be used at Decemb At September 30, 2019: Accounts Receivable ...........................$ Allowance for Uncollectible Accounts ........ 243,000 (8,300) entries.) Print Done i More Info Nov 30 Wrote off as uncollectible the $1,600 account receivable from Green Carpets and the $600 account receivable from Good Antiques. Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Dec 31 Print Done Question Help The September 30, 2019, records of Image Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the last quarter of 2019, the company completed the following selected transactions: (Click the icon to view the selected transactions.) During the year, Image Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. (Click the icon to view the Accounts Receivable balance and aging schedule to be used at December 31, 2019.) Read the requirements. Requirement 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Wrote off as uncollectible the $1,600 account receivable from Green Carpets and the $600 account receivable from Good Antiques. Journal Entry Date Accounts Debit Credit Nov