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repeoduced below from Farthington Supplys accounting records is the accounts receivable subledger along with selected general ledger accounts Reproduced below from Farthington Supply's accounting records
repeoduced below from Farthington Supplys accounting records is the accounts receivable subledger along with selected general ledger accounts Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts Dec. 31/19 Balance Credit sales in 2020 Accounts Receivable 159,00 7,010 Jan. 4/20 2222 ????Collections in 2020 14, 100 July 15/20 ???? Dec. 31/20 Balance July 15720 Allowance for Doubtful Accounts 14,050 210 Dec. 31/19 Balance Dec 31/20 7772 Dec. 31/20 Balance Accounts Receivable Subledge jenstan Concany Dec 31/19 Balance 48,200 NOV 1572 48,200 Dec. 31/20 Balance 104.5ee Jan 28/28 Indio Duvelopments Dec 31710 Blanca 12e 28/20 1 lee Mar 28/20 12.10 39,300 ese 43,350 312 Balance DEC 31 lance 7,019 Jan 4720 1/20 MNS 31 Balance ance POO Sonvicina 24.103 14.ee PRO Senino WAS DEL DI During the year 2020. there were no recoveries of accounts previously written oft. Only one account that of PDQ Servicing was identified as being uncollectible on July 15,2020 on January 4, 2020. Farthington issued a $7,010 credit memo to Lomas Industries regarding damaged goods returned Required Analyzing the accounts, determine the following amounts: d. The December 31, 2019, balance in Lomas Industries' account b. The January 7, 2020, collection from Lomas Industries The December 31, 2020, balance in the Accounts Receivable controlling account d. The November 15, 2020. transaction in JenStar Company's account Amouri e. Collections during 2020. "Amount 1. Credit sales during 2020. Amount 3 g. Adjusting entry on December 31, 2020, to estimate uncollectible accounts based on a rate of 25% of outstanding receivables (Round your final answers to nearest whole dollar) View transaction list Journal entry worksheet
repeoduced below from Farthington Supplys accounting records is the accounts receivable subledger along with selected general ledger accounts
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