Required:

Adjusting Entries on Dec. 31, 2015 and aging schedule with the following column headings.

A. B. REYES of As part of the program of verification, you reviewed the count with A Reset manager. The credit manager opined that all the accounts are collectible except the act S.T. Manzano which is out of collection. It was decided to make the wo r d accounts 10% of the outstanding receivables on December 31, 2015. The company discount on collections following the month of billing. (a) Excerpts from Sales Book: Sales (CR) 7,200.00 15.000.00 39,000.00 37.000.00 Date Sold to Nov. L. M. Adam 5 H. N. Bernardo S P. R. Mercado 6 NW. Topaz 8 EB Garces 8 S. G. Hurado 14 Q. T. Kimura 14 ZA Padua 26 N.C. Tinio Acris, Re'ble (DR) 7,200.00 35.000.00 39,000.00 37,000.00 29.000.00 48,500.00 86.240.00 13.500.00 25,060.00 300.440.00 500.00 86.240.00 13,500.00 25.000.00 V 410.00 Dec. 5 N C. Tinio 5 H. N. Berardo 10 L. M. Adam 100 . T. Kimur 10 PR Mercado 12 E. B. Garces 15 D. S. Ty 20 Z. A. Padua 34.500.00 52.550.00 26.000 09 97.400.00 14.000.00 31.000.00 34.500.00 52.550.00 26,000.00 97.400.00 7,450.00 334.900.00 72 .00 7.450.00 334.900.00 (b) Excerpts from casa receipts books: Sales Discount DR Date Nov. 3 Received froin L.K. Gentiles Cash DR 10,000.00 7,644.00 17.644.00 Accts Ree'ble CR 10.000.00 7.000.00 17,000.00 156.00 156.00 Dec. 2 S. G. Hurado 2 D.S. Ty 4 N. W. Topaz 8 Z. A. Padua 10 E. B. Garcia 29 C. M. Adam 31 D. S. Ty 31 P. R.Mercado 46,560.00 24,500.00 36,260.00 3,332.00 6,860.00 1,600.00 3,185.00 13,000.00 135.297.00 1.940.00 500.00 740.00 68.00 140.00 48,500.00 25,000.00 37,000.00 3,400.00 7,000.00 1.600.00 3.250.00 13,000.00 138,750.00 65.00 3.453.00 (E) General Ledger Account Art Reciale Balance 1.OTRO 00 49.180.00 16 SRO 1.028820.00 1.493.400.00 Out 1 Bale Nov 29 D. M. Manolo Uncollectible Nov. 29 Sales Account Dec 8 Credit memo-S.G. Hurado Dec. 9 Credit memo-N.W. Topaz Dec. 13 Notes Reeble-DS 11.000.00 1.165.150.00 15,000.00 1.150.150.00 60,000.00 881.81000 Dec 31 Sales on Account Dec 31 Cash Received 1.090.350.00 1.972.150.00 900.360.00 1.071,800.00 Allowance for Doubtful Accounts Debit Credit Date Ims Oct 31 Balance Nov. 29 D. M. Manolo uncollectible Balance 71.10000 49, 1NO OD 22.120.00 The accounts charged to Allowance for Dechtful accounts during the year were investigated and appeared to be collectible. Write-offs of accounts were approved by J.F. Santos, credit manager. The accounts to the accounts receivable ledger having balances at December 31, 2015 are shown below. The consignment to V.F. Parton on December 27 was billed at the cost price. The offsetting credit was to the sales account. None of the consigned merchandise was sold on December 31, 2015 Accounts Receivable Subsidiary Ledgers L. M. Adam Falance Invoice 2015 1 Jul 12 Jul 20-Sep S-Nov 10-Dec 78,000.00 15,000.00 7,800.00 7,200.00 26,000.00 134,000.00 2015 18-Jul Cash 20-Aug Cash 8-Noy Cash 29-Dec Cash 78,000.00 15,000.00 7,800.00 1.600.00 102.400.00 (Bal. P31,600) 2015 Cash Cash 120,000.00 6,000.00 126.000.00 30-Aug 15-Sep 1-Oct 10-Nov 5-Dec H. N. Bernardo 2015 120,000.00 10-Jul 12,570.00 29-Sep 19.290.00 23,000.00 15,000.00 52.550.00 242,420.00 Balance Invoice Invoice Invoice Invoice Invoice (Bal. P 11,420) 2015 28.Jul 20-Aug Invoice Invoice 27 000.00 19.620.00 46.620.00 E. B. Garces 2015 2015 10-Sep C ash 10-Dee Cash 2000.00 Balance voice Invoice Invoice 30-Oct 8-Nov 12-Dec 28.000,00 7,000.00 29,000.00 31.000.00 95.000.00 (Bal. P 60,000) S. G. Hurado 2015 2015 18 Sep Nov Invoice Invoice 37.500.00 48,500.00 86,000.00 1-Oct 2-Dec 8-Dec Cash Cash C/M Return 37.500.00 48.500.00 11,000.00 97,000.00 (Bal P 11.000) U. N. Leonido 2015 4-Oct S-Nov Loan Low 20,000.00 10,000.00 30.000.00 0. T. Kimura 2015 2015 10-Jul Cash 29-Sep C ash 10-Jul 27-Aug 14-Nov 10-Dec Balance Invoice Invoice Invoice Invoice 120,000.00 6,000.00 126,000.00 412.500.00 102.000,00 18.000.00 86.240.00 97,400.00 716.140.00 (Bal. P 210,640) V. F. Paraon (Consignee) 2015 27-Dec Invoice 113,500.00 (at cost price) ZA. Padua 2015 23-Aug 30-Aug 3-Oct 14-Nov 20-Dec Invoice Invoice Invoice Invoice Invoice 10-Sep 3-Oct 8-Dec Cash 13.00 5.000.00 310000 1,840.00 5,000.00 3,000.00 13,500.00 7.450.00 31,190.00 (Bal. P 20,950) N. C. Tinio 2015 6-Aug CMR 3.500.00 2015 20-Sep 26. Nov 3-Dec Invoice Invoice Invoice 9,030.00 25,000.00 34.500.00 68,530.00 (Bal. P 64,530) 2015 29.Sep 26-Nov 10,000.00 Loan Lean Loan L. K. Gentiles (Employee) 2015 19.500.00 3-Now Cash 27,000.00 16,000.00 62.500.00 5-Dec (Bal. P 52,500) D.S. Ty 2015 1.Jul 15-Jul 28-Aug 6-Oct 16-Dec Balance Invoice Invoice Invoice Invoice 69,600.00 30,000.00 43,000.00 12,000.00 72,000.00 226,600,00 2015 9-Aug Cash 2-Dee Cash 13-Dec Note 31-Dec Cash 66,400.00 25.000.00 60,000.00 3.250.00 154,650.00 (Bal P 72,000) NW. Topaz 2015 31-Jul 28-Aug 6-Nov Invoice Invoice Invoice 20,000.00 17.500.00 37,000.00 74.500.00 2015 4-Oct Cash 4-Dee Cash 9-Dee CM Retur 37,500.00 37,000.00 15,000.00 89,500.00 (Bal. P 15,000) 2015 29-Jul 16-Aug 20-Sep 15.000.00 13,000.00 28,000.00 Invoice Invoice Invoice Invoice Invoice Invoice P. R. Mercado 2015 21,000.00 4-Oct C ash 30,000.00 31-Dee Cash 6,000.00 25,000.00 39,000.00 14.000.00 135,000.00 7-Oct 5-Nov 10-Dec (Bal. P 107.000) The accounts were credited from the cash receipts record during the last few days of December for the balance due and which were in balance are not reproduced. In other words, all accounts that were in balance as December 31 are omitted from this list of accounts receivables. Remillance received from customers during the first days of January, following year applicable to December 31, 2015 customers balances are as follows: 63.920.00 Jan. 5, 2016 H. N. Bernardo 27,000.00 Jan. 8, 2016 0. T. Kimura 13,900.00 Jan 5, 2016 Z. A. Padua 54,000.00 Jan 7, 2016 P. R. Mercado The above amounts were raced by you to the cash receipts book as part of year audit procedures. Required: Adjusting entries on December, 31, 2015 and aging schedule with the following column headings: Customer's Name Balance Dr. (Cr.) Current December November | October Past due September | | November and earlier October Subsequent Collection July and earlier August August Subsequent Collection Date Amount L. Rernarks Required: Adjusting entries on December, 31, 2015 and aging schedule with the following column headings Customer's Namne Customer's Balance Dr. (Cr.) Belle Current December November October Past due September August July and earlier Date Subsequent Collection Amount - Remarks Renarks