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Question1 Sweet Ltd. had a Septamber 30 yaarnSax Swaat L une 30, 2018 balance sheet acrded the following: Accounts Recaivable 400,000 Allowance for Doubtful Accounts
Question1 Sweet Ltd. had a Septamber 30 yaarnSax Swaat L une 30, 2018 balance sheet acrded the following: Accounts Recaivable 400,000 Allowance for Doubtful Accounts 0 0000 Throughout Sav Swet td'last quarter of 2018, Savo elactad tranaactions Sweet Ltd. finalizad the following Sept. 29: Wrote off the following accounts recaivables as uncollectible: .Connie Downs Dannis Jada Evan Sanders $3,000 3,200 2,100 Sept. 30: Recordad bad dabts expanse basad on the aging of accounts racaivable, as followa: unts 40,000 Total $ 420,000 Estimated % Uncollectible 0.4% 30% uired A. Record the above transactions in the ganeral joumal. B. Opan the Allowance for Doubtful Accounts ganeral ladger, and post those joumal entries affecting that account. Maintain a running balance in the ganeral ledger account. C. At September 30, 2017 ismo sweet 35 Accounts Receivable balance was $ 440.000 and the Allowance for Doubtful Accounts balance was $ 30,000, damonstrate how $avo Swaat Ltd. would report its Accounts Racaivable in a comparative balance shaat for 2018 and 2017 D. On September 30, 2018, ifthe bad debts expense was based on an estimate of 3% ofthe accounts rcivable balancainstaad of the aging of accounts recaivable, racord in the ganeral
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