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Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts. During the year 2023, there were no
Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts. During the year 2023, there were no recoveries of accounts previously written off. Only one account, that of PDQ Servicing. was identified as being uncollectible on July 15, 2023. On January 4. 2023, Farthington issued a $7.150 credit memo to Lomas Industries regarding damaged goods returned. Required: Analyzing the accounts, determine the following amounts: o. The December 31, 2022, balance in Lomas Industries' account. \begin{tabular}{|ll|} \hline Amouit & $99,500 \\ \hline \end{tabular} d. The November 15, 2023, transaction in JenStar Company's account. Amount e. Collections during 2023. Amount f. Credit sales during 2023. Amount 9. Adjusting entry on December 31, 2023, to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. (Round your final answers to nearest whole dollor.) b. The January 7, 2023, collection from Lomas Industries. \begin{tabular}{lll} \hline Amount & $ & 92,350 \\ \hline \end{tabular} c. The December 31, 2023, balance in the Accounts Receivable controlling account. Amount d. The November 15, 2023, transaction in JenStar Comnanv's arrount h. The December 31, 2023, balance in the Allowance for Doubtful Accounts. (Round your final answer to neorest whole dollar.) i. Show how accounts receivable should appear on the balance sheet on December 31, 2023. (Round your finol answers to nearest whole dollor.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Partial Balance Sheet } \\ \hline Curtent assets & & \\ \hline Accounts recervable & & \\ \hline \end{tabular}
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