Ralpheal Dorsey 2 | 02/14/21 4:11 PM Homework: Chapter 8 Homework Score: 1.24 of 4 pts Sa 1 of 5 (1 complete) HW Score: 6.18%, 1.24 of 20 EF8-19 (similar to) Question Help At January 1, 2024, Eagle Mountain Flagpoles had Accounts Receivable of $26,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Eagle Mountain Flagpoles recorded the following transactions for January (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Eagle's transactions that occurred during January. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (a.) Sales of $178,000 ($160,000 on account: $18,000 for cash). Ignore Cost of Goods Sold (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit 2024 More Info Jan. Cash 18.000 Accounts Receivable 160.000 Sales Revenue 178,000 a. Sales of $178,000 ($160.000 on account $18,000 for cash). Ignore Cost of Goods Sold b. Collections on account, $135,000 c. Write-offs of uncollectible receivables. $2,200 Record sales for the year. (b.) Collections on account, S135,000 Print Done Date Accounts and Explanation Debit Credit 2024 Jan Cash 135,000 Accounts Receivable 135.000 Homework: Chapter 8 Homework S Score: 1 24 of 4 pts 1015 (1 complete) HW Score: 6 18% 1 24 of 20 EF8-19 (similar to) Question Help At January 1 2024. Eagle Mountain Flagpoles had Accounts Receivable of $26,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year Eagle Mountain Flagpoles recorded the following transactions for January Click the icon to view the transactions Read the requirements Collected cash on account (c) Write-offs of uncollectible receivables, $2,200 Date Accounts and Explanation Debit Credit More info - X 2024 Jan Allowance for Bad Debts 2 200 Accounts Receivable 2,200 a. Sales of $179.000 $160,000 on account. 318.000 for cash) Ignore Cost of Goods Sold b. Collections on account. 5135 000 c. Write-offs of uncollectible receivables 52:200 Wrote of uncollectible accounts Print Done Requirement 2. Post Eagle's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts Enter the beginning balances and the Journal entries and then compute the unadjusted balance of each account Accounts Receivable | 26000 135000 Collections 160000 2200 Write offs Allowance for Bad Debts 2200 3000|| Jan 1, 2024 Bal Jan 1 2024 Bal Write-offs Not.credit sales Unad Bal 300 Unad, Bal Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All Check