Required information Exercise 5-6A Record credit sales with a sales allowance (LO5-1, 5-2) [The following information applies to the questions displayed below) On April 25, Foreman Electric installs wiring in a new home for $3,100 on account. However, on April 27, Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $560 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Exercise 5-6A Part 4 4. Calculate net revenue associated with these transactions. Net revenue Exercise 5-9A Record the adjusting entry for uncollectib receivable (LO5-5) counts and calculate net accounts Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment Accounts Receivable = $117,000: Allowance for Uncollectible Accounts = $2,100 (debil. On December 31, 2021, Southwest estimates uncollectible accounts to be 20% of accounts receivable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) ok + View transaction list . at Journal entry worksheet 1 nces Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Exercises Saved 2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet. Bad Debt Expense Allowance for Uncollectible Accounts 3. Calculate net accounts receivable. Total Accounts Receivable Net Accounts Receivable Exercise 5-15A Record notes receivable and interest rele (L05-7) On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $10,700. In payment for the services, Whole Grain Bakery signs a 10% note requiring the payment of the face amount and interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the acceptance of the note receivable for legal services provided. Note: Enter debits before credits. Date General Journal Debit Credit March 01