Rest te treamentin- Mors info More info Igere Cint abode thet e. Whic-ofs of ynotestion tecavasec, 12,260 More info Post the edeatientiat the approprace tacceuris More info a. Sales of $184,000 ( $165,000 on account; $19,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $138,000. c. Write-offs of uncollectible receivables, $2,700. 1. Journalize Winding's transactions that occurred during January. The company uses the allowance method. 2. Post Winding's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Winding's adjustment to record bad debts expense assuming Winding estimates bad debts as 3% of credit sales on January 31, 2024. Post the adjustment to the appropriate T-accounts. 4. Show how Winding Mountain Flagpoles will report net accounts receivable on its January 31,2024 , balance sheet. More info a. Sales of $184,000 ( $165,000 on account; $19,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $138,000. c. Write-offs of uncollectible receivables, $2,700. At January 1, 2024, Winding Mountain Flagpoles had Accounts Receivable of $32,000, and Allowance for Bad Debts had a credit balance of $4,000. Dur (i) (Click the icon to view the transactions.) Read the Requirement 1. Journalize Winding's transactions that occurred during January. The company uses the allowance method. (Record debits first, then credi (a.) Sales of $184,000 (\$165,000 on account, $19,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound joumal entry.) (b.) Collections on account, $138,000. Requirement 2. Post Winding't transactions to the Accounts Receivable and Alowance for Bad Debts T-accounts. Enter the beginning balances and the joumal entries, and then compute the unadjusted balance of each account. (c.) Write-offs of uncollectible receivables, $2.700. Reivable and Allowance for Bad Debts T-accounts. Enter tho beginning balances and the journal entries, and then compute the unadiusted halanna of bad debts expense assuming Winding estimates bad debts as 3% of credit sales on Jant its. Select the explanation on the lisst line of the jour tequirement 3. Joumtize Winding's acjustment to record bad debts expense assuming Winding estimates bad debts as 3% of credit sales on January 31, 2024. Post the adjusth Fret joumalize Winding's adjustment to record bad debts expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Post the difustment to the appropriate T-ascounts. Rest te treamentin- Mors info More info Igere Cint abode thet e. Whic-ofs of ynotestion tecavasec, 12,260 More info Post the edeatientiat the approprace tacceuris More info a. Sales of $184,000 ( $165,000 on account; $19,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $138,000. c. Write-offs of uncollectible receivables, $2,700. 1. Journalize Winding's transactions that occurred during January. The company uses the allowance method. 2. Post Winding's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Winding's adjustment to record bad debts expense assuming Winding estimates bad debts as 3% of credit sales on January 31, 2024. Post the adjustment to the appropriate T-accounts. 4. Show how Winding Mountain Flagpoles will report net accounts receivable on its January 31,2024 , balance sheet. More info a. Sales of $184,000 ( $165,000 on account; $19,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $138,000. c. Write-offs of uncollectible receivables, $2,700. At January 1, 2024, Winding Mountain Flagpoles had Accounts Receivable of $32,000, and Allowance for Bad Debts had a credit balance of $4,000. Dur (i) (Click the icon to view the transactions.) Read the Requirement 1. Journalize Winding's transactions that occurred during January. The company uses the allowance method. (Record debits first, then credi (a.) Sales of $184,000 (\$165,000 on account, $19,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound joumal entry.) (b.) Collections on account, $138,000. Requirement 2. Post Winding't transactions to the Accounts Receivable and Alowance for Bad Debts T-accounts. Enter the beginning balances and the joumal entries, and then compute the unadjusted balance of each account. (c.) Write-offs of uncollectible receivables, $2.700. Reivable and Allowance for Bad Debts T-accounts. Enter tho beginning balances and the journal entries, and then compute the unadiusted halanna of bad debts expense assuming Winding estimates bad debts as 3% of credit sales on Jant its. Select the explanation on the lisst line of the jour tequirement 3. Joumtize Winding's acjustment to record bad debts expense assuming Winding estimates bad debts as 3% of credit sales on January 31, 2024. Post the adjusth Fret joumalize Winding's adjustment to record bad debts expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Post the difustment to the appropriate T-ascounts
