Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $69,000 of its accounts receivable from its customer, P. Moore. On October 30, P. Moore unexpectedly pays his account in full to Solstice Company Record Solstice's entries for recovery of this bad debt. View transaction list Journal entry worksheet Record the reinstatement of the account previously written off Note: Enter debits before credits Data General Journal Debit Credit Oct 30 Record entry Clear entry View general journal Gomez Corp, uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,700 account of a customer, C. Green On March 3, it receives a $1.200 payment from Green 1. Prepare the Journal entry for January 31 2. Prepare the journal entries for March 9; assume no additional money is expected from Green. View transaction list Journal entry worksheet Record the cash receipt from Green Note: Enter debits before credits General Journal Debit Credit Mar 09 Record entry Clear entry View general journal Required Information (The following information applies to the questions displayed below) Daley Company prepared the following aging of receivables analysis at December 31. Day Pat Du 1 to 30 $107.000 31 to 60 61 to 90 $53,000 $35,000 over 90 $67.000 $655,000 $613,000 Mounts receivable Percent uncollectible a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,300 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,800 debit. Complete this question by entering your answers in the tabs below. Rag A Reg B and C Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Porcent Uncollectible Recevable Not du 130 61 to 90 Over 90 Estimated balance of allowance for un Reg Band > a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,300 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,800 debit. Complete this question by entering your answers in the tabs below. Req A Req Band Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,300 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,800 debit. Show less View transaction list Journal entry worksheet Record estimated bad debts assuming that Allowance for doubtful Accounts has a $5,300 credit balance. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal
