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Required information 0.00 points Great Adventures Problem 5-1 Part 2 2. As of June 30, 2019, Great Adventures finishes its first 12 months of operations.
Required information 0.00 points Great Adventures Problem 5-1 Part 2 2. As of June 30, 2019, Great Adventures finishes its first 12 months of operations. If Suzie wants to prepare financial statements, part of the process would involve allowing for uncollectible accounts receivable. a. Suppose Suzie estimates uncollectible accounts to be 8% of accounts receivable (which does not include the $5,100 note receivable from Myers Manufacturing). Record the adjustment for uncollectible accounts on June 30, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for uncollectible accounts. Note: Enter debits before credits Date General Journal DebitCredit Jun 30, 2019 Record entry Clear entry View general journal b. Prepare a partial balance sheet showing the net accounts receivable section. (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, INC. Partial Balance Sheet June 30, 2019 Assets Current assets: Net accounts receivable 0 Required information 0.00 points Great Adventures Problem 5-1 Part 2 2. As of June 30, 2019, Great Adventures finishes its first 12 months of operations. If Suzie wants to prepare financial statements, part of the process would involve allowing for uncollectible accounts receivable. a. Suppose Suzie estimates uncollectible accounts to be 8% of accounts receivable (which does not include the $5,100 note receivable from Myers Manufacturing). Record the adjustment for uncollectible accounts on June 30, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for uncollectible accounts. Note: Enter debits before credits Date General Journal DebitCredit Jun 30, 2019 Record entry Clear entry View general journal b. Prepare a partial balance sheet showing the net accounts receivable section. (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, INC. Partial Balance Sheet June 30, 2019 Assets Current assets: Net accounts receivable 0
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