takeAssignment/takeAssignment Main.do?invokerStakausignmentSession locator inprogress-false Mlowance Method for Accounting for Bad Debes At the beginning of 2017, Myarald Company Accounts recevable balance was $105,000, and then in Allowance for Douth Accounts was $190, Miyazaki's cales in 2017 were 1787,500, of which were on Credit Collection count during the year were 3502,500. The company wrote off 13.000 of uncollectible accounts in the year Required: 1. Identity and analyze the transitionated to the add2017 Activity Art How to this affect the contingut Ifafinandal statement is not affected to and leave the ambos bank, if the effect on a financial statement is really det be er with a Balance Sheet AN Liabilitas Stockholders Equity Revenges dertify and analyze the transitions at the collections canh during 2017 Activity Accounts Statement How does this entry lect the accounting an Hafi stato com is not affected section de the box ank. If the fict on a financial attention decrease be sure to call these with inson Balance Sheet Assets Limites quity and analyse the went in 2017 ALEV AS Chy Wern Sena og testa How does this entry affect the counting equation? If a financial statement item is not affected, select "No Entry and leave the amount box Bank. If the effect on a financial statement item is estive F., a decrease be sure to enter the answer with an ember if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. If a contra account is decreased it will have the effect of increasing the corresponding financial statement Balance Sheet Assets Liabilities Stockholders Equity Revenues 2. entity and analyze the adjustments to recognize badding that bad de expenses of credit sales and (b) montseeded to be collectible are of the yound con receive #dentity and analyze the adjustments to recognize bed debts suming that bades pense of credite Activity Account Statements) How does this entry the contingution? How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, ie, a decrease, be sure to enter the answer with a minus sion. Remember: if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. If a contra account is decreased, it will have the effect of increasing the corresponding financial statement item. Balance Sheet Stockholders Equity Assets Liabilities Revenues b. Identify and analyze the adjustments to recognize bad debts assuming that amounts expected to be uncollectible are 6% of the year and accounts receivable Activity Accounts Statements) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, Le a decrease be sure to enter the answer with a minussion. Remember a contra account is increased, it will have the effect of decreasing the corresponding tinandal statement item. If a contra account is decreased, it will have the effect of increasing the corresponding financial statement item, alan Sul Check My Work Next > Save and LAR Submit Assignment for Grading takeAssignment/takeAssignment Main.do?invokerStakausignmentSession locator inprogress-false Mlowance Method for Accounting for Bad Debes At the beginning of 2017, Myarald Company Accounts recevable balance was $105,000, and then in Allowance for Douth Accounts was $190, Miyazaki's cales in 2017 were 1787,500, of which were on Credit Collection count during the year were 3502,500. The company wrote off 13.000 of uncollectible accounts in the year Required: 1. Identity and analyze the transitionated to the add2017 Activity Art How to this affect the contingut Ifafinandal statement is not affected to and leave the ambos bank, if the effect on a financial statement is really det be er with a Balance Sheet AN Liabilitas Stockholders Equity Revenges dertify and analyze the transitions at the collections canh during 2017 Activity Accounts Statement How does this entry lect the accounting an Hafi stato com is not affected section de the box ank. If the fict on a financial attention decrease be sure to call these with inson Balance Sheet Assets Limites quity and analyse the went in 2017 ALEV AS Chy Wern Sena og testa How does this entry affect the counting equation? If a financial statement item is not affected, select "No Entry and leave the amount box Bank. If the effect on a financial statement item is estive F., a decrease be sure to enter the answer with an ember if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. If a contra account is decreased it will have the effect of increasing the corresponding financial statement Balance Sheet Assets Liabilities Stockholders Equity Revenues 2. entity and analyze the adjustments to recognize badding that bad de expenses of credit sales and (b) montseeded to be collectible are of the yound con receive #dentity and analyze the adjustments to recognize bed debts suming that bades pense of credite Activity Account Statements) How does this entry the contingution? How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, ie, a decrease, be sure to enter the answer with a minus sion. Remember: if a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. If a contra account is decreased, it will have the effect of increasing the corresponding financial statement item. Balance Sheet Stockholders Equity Assets Liabilities Revenues b. Identify and analyze the adjustments to recognize bad debts assuming that amounts expected to be uncollectible are 6% of the year and accounts receivable Activity Accounts Statements) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, Le a decrease be sure to enter the answer with a minussion. Remember a contra account is increased, it will have the effect of decreasing the corresponding tinandal statement item. If a contra account is decreased, it will have the effect of increasing the corresponding financial statement item, alan Sul Check My Work Next > Save and LAR Submit Assignment for Grading