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Savory Sweet Lid. had a September 30 year end. Savory Sweet Ltd.'s June 30, 2018 balance sheet recorded the following: Accounts Receivable $ 400,000 Allowance

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Savory Sweet Lid. had a September 30 year end. Savory Sweet Ltd.'s June 30, 2018 balance sheet recorded the following: Accounts Receivable $ 400,000 Allowance for Doubtful Accounts_ ( 20,000) Throughout Savory Sweet Ltd.'s last quarter of 2018, Savory Sweet Ltd. finalized the following selected transactions: Sept. 29: Wrote off the following accounts receivables as uncollectible: . Connie Downs $ 3,000 . Dennis Jade 3,200 . Evan Sanders 2,100 Sept. 30: Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61 90 Days Over 90 Days Total = $ 420,000 $ 250,000 $ 100,000 $ 40,000 $ 30,000 Estimated % Uncollectible 0.1% 0.4% 0.5% 30%PU Record the above transactions in the general journal. Open the Allowance for Doubtful Accounts general ledger, and post those journal entries a'ecting that account. Maintain a running balance in the general ledger account. At September 30, 2017, if Savory Sweet Ltd's Accounts Receivable balance was $ 440,000 and the Allowance for Doubt11 Accounts balance was $ 30,000, demonstrate how Savory Sweet Ltd. would report its Accounts Receivable in a comparative balance sheet for 2018 and 201 7. On September 30, 2018, if the bad debts expense was based on an estimate of 3% of the accounts receivable balance, instead of the aging of accounts receivable, record in the general journal the September 30, 2018 journal entry for bad debts expense

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