RequiredAnalyzing the accounts , determine the following accounts a. The December 31, 2016, balance in Lomas Industries' account.b. The January 7, 2017, collection from Lomas Industries.c. The December 31, 2017, balance in the Accounts Receivable controlling account.d. The November 15, 2017, transaction in JenStar Company's account.e. Collections during 2017.f. Credit sales during 2017.g. Adjusting entry on December 31, 2017, to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables.h. The December 31, 2017, balance in the Allowance for Doubtful Accounts.i. Show how accounts receivable should appear on the balance sheet on December 31, 2017.

Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts. General Ledger Accounts Receivable Allowance for Doubtful Accounts Dec. 31/16 200 Dec. 31/16 Balance 158,500 Balance 7.000 Jan. 4/17 Credit sales ???? Collections in July 15/17 14.000 in 2017 ???? 2017 14,000 July 15/17 ??? ? Dec. 31/17 Dec. 31/17 ???? Dec. 31/17 Balance ???? Balance Accounts Receivable Subledger JenStar Company Indigo Developments Dec. 31/16 Dec. 31/16 Balance 48,000 Balance 48,000 Jan. 20/17 Mar. 1/17 17.000 17,000 Mar. 20/17 Nov. 15/17 ???? Nov. 28/17 39.000 Dec. 2/17 4.000 Dec. 31/17 Dec. 31/17 Balance 104.000 Balance 43,000 Lomas Industries PDQ Servicing Dec. 31/16 Dec. 31/16 Balance ???? Balance 14.000 7.000 Jan. 4/17 ???? Jan. 7/17 Apr. 21/17 52,000 52.000 May 5/17 14,000 July 15/17 Dec. 7/17 21,000 Dec. 31/17 Dec. 31/17 Balance 21,000 Balance -0 During the year 2017, there were no recoveries of accounts previously written off. Only one account that of PDQ Servicing, was identified as being uncollectible on July 15, 2017. On January 4, 2017, Farthington issued a $7,000 credit memo to Lomas Industries regarding damaged goods returned