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QUESTIONS 3 points Sarved Use these facts for this question and the following two questions Patrioca Corp. reported the following account balance away asome count
QUESTIONS 3 points Sarved Use these facts for this question and the following two questions Patrioca Corp. reported the following account balance away asome count balance are normal unless a problemas Accounts Reche, 1/1/ $60,000 Allowance for Uncolocibe accounts $2.400 Dance for a contra-setke Sales on Credt during Year3 Collections on account, during a3 Wrechts of uncolectible courts during your $300,000 $ 270,000 $2.000 2. That should tell you the balance n the Alowance account sa debit balance or a credt balance. This means that as it What is then be vue of accounts receivabeat January 1, You are beginning of the accounting period? Hint: This is the beginnng of an accounting period, which means all of the balance sheet accounts have already been adjusted as of 12/31/ was adjusted. It would be a nomal balance at this point for a contra asset account. $2,400 6. 110.000 QUESTIONS 3 points Saved Soo Patrocs Corp. quest on setup. What is the balance in Accounts receive 12/31/ara (hor any adjusting entries) Hint: There's a lot going on here, so you will probably finding out a bike the one below is sure your answer would be the number in the cel neted AS can be 377200 ..100 200 0.50,000 0.110000 3 points Saved QUESTION 10 See Patriots Corp. question setup What is the balance in the alcance for uncletbe c sat 12/31 ( h y ding entries) Hinc Remember this is before the aduating ones, so this means you are clong the balance before the company would have booked readusting entry to recognize the Year allowance aument Again, there's a lot going on here, so use that filed in tabel Your answer would be the number in the cel noted wan.RE Write-off balances a $400 abitabnormal D 3400 credit ramma) 0.92.400 creditnoma od 92.800 de broma none of the above
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