requirement 1-record writeoff of uncollectible accounts in journal

next record the 6day note receivable

now record the bad debt expense

requirment 2 -prepare a t-account for wccounts ans the allowance for uncontrollable accounts and post to those accounts

Open the Taccount by posting the beginning balance.then post the wntries to the allowances for uncontrollable accounts T aacount and compute the ending balance

REQUIRMENT 3- show how Up To Date would report its accounts receivables on a comparative balance sheet for 2019 and 2020

at dec31 2019 the companys account receivable balance was 206,000 and the allowance for uncontrollable stood at 4,600

The Ocinber 1,2020 , tecorde of Up To Dost Cemmiricitions indude these accounts (Gilick the kento Vlew the trahactions) Transactions 2020 Nov. 30 Wrote off as uncollectible the $1,800 account receivable from Cheap Carpets and the $900 account receivable from Dardic Antiques. Dec. 31 One of its customers, Donna Ltd., agreed to sign a 60-day note receivable to replace the $1,200 accounts receivable due on that day. Dec. 31 Adjusted the Allowance for Uncollectible Accounts and recorded Bad Debt Expense at year-end, based on the aging of receivables, which follows. Next, record the 60-day note recelvable. Now, reoord the bad debt expense in the foumal: Wequirement 2. Precare a Tacoosit for Accourts Recolvable and the Alowance for Uncolectble Acocunta and post to thase asecurta