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The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which $464,000 was on account) during the first four months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged according to the date of the sale: (Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required Requirement 1. The Amiel Employment Agency has heard that other companies in the industry use the allowance method of accounting for uncollectibles, with many of these estimating the uncollectibles through an aging-of-accounts receivable. a. Journalize the adjustments that would have to be made on April 30 (for the months of January through April). (Record debits first, then credits. Exclude explanations from Journal entries. Do not round intermediary calculations. Only round the amounts you input in the cell to the nearest dollar.) General Journal Accounts Recievable Transactions Date Accounts Debit Credit April The following accounts receivable transactions took place in May 2020: May 12 Decided the Parker Courier account was uncollectible and wrote it off. 15 Collected $8,400 from Gemini Distributors for sales made in the first three months 21 Decided the Placerville Solutions account was uncollectible and wrote it off. 24 Collected $2,200 from Nalla Design for sales in the month of January 26 Received a cheque from Placerville Solutions for $20,000 cheques of $3,150 each, post-dated to June 26, July 26, August 26, and September 26. 31 Total sales in the month were $440,000; 90 percent of these were on account, and 60 percent of the sales on account were collected in the month b. Journalize the transactions of May 2020. May 12. Decided the Parker Courier account was uncollectible and wrote it off. General Journal Date Arrunte Dahil Cradle Choose from any list or enter any number in the input fields and then continue to the next question, Print Done The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statement months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required b. Journalize the transactions of May 2020. May 12. Decided the Parker Courier account was uncollectible and wrote it off. General Journal Date Accounts Debit Credit May May 15. Collected $8,400 from Gemini Distributors for sales made in the first three months. General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged accordi Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required May 31. Total sales in the month were $440,000; 90 percent of these were on credit and 60 percent of the credit sales were collected in the month. Begin with the total sales for the month. (Round your answer to the nearest dollar.) General Journal Date Accounts Debit Credit May Next, record the credit sales collected in May. (Round your answer to the nearest dollar.) General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of wt months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged accc Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required May 26. Received a cheque from Placerville Solutions for $20,000 plus four cheques of $3,150 each, post-dated to June 26, July 26, August 26, and September 2 To record the transactions of May 26, begin with the reversal of the write-off for Placerville Solutions. General Journal Date Accounts Debit Credit May Now, record the receipt of the $20,000 cheque. General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question. bo ek The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which $464,00 months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged according to the Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required c. Journalize the month-end adjustment, using the table that appears in requirement 1a. (Do not round intermediary calculations. Only round the amount you input in the General Journal Date Accounts Debit Credit May Requirement 2. For the method of accounting for the uncollectibles used above, show: a. The balance sheet presentation of the accounts receivable Amiel Employment Agency Balance Sheet (partial) April 30 May 31 Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which $464,0 months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged according to the Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required Requirement 2. For the method of accounting for the uncollectibles used above, show: a. The balance sheet presentation of the accounts receivable Amiel Employment Agency Balance Sheet (partial) April 30 May 31 Net accounts receivable b. The overall effect of the uncollectibles on the income statement for the months of April and May 2020. Income Statement May (partial): Expenses: April 30 May 31 Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statement months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required May 21. Decided the Placerville Solutions account was uncollectible and wrote it off. General Journal Date Accounts Debit Credit May May 24. Collected $2,200 from Nalla Design for sales in the month of January. General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which $464,000 was on account) during the first four months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged according to the date of the sale: (Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required Requirement 1. The Amiel Employment Agency has heard that other companies in the industry use the allowance method of accounting for uncollectibles, with many of these estimating the uncollectibles through an aging-of-accounts receivable. a. Journalize the adjustments that would have to be made on April 30 (for the months of January through April). (Record debits first, then credits. Exclude explanations from Journal entries. Do not round intermediary calculations. Only round the amounts you input in the cell to the nearest dollar.) General Journal Accounts Recievable Transactions Date Accounts Debit Credit April The following accounts receivable transactions took place in May 2020: May 12 Decided the Parker Courier account was uncollectible and wrote it off. 15 Collected $8,400 from Gemini Distributors for sales made in the first three months 21 Decided the Placerville Solutions account was uncollectible and wrote it off. 24 Collected $2,200 from Nalla Design for sales in the month of January 26 Received a cheque from Placerville Solutions for $20,000 cheques of $3,150 each, post-dated to June 26, July 26, August 26, and September 26. 31 Total sales in the month were $440,000; 90 percent of these were on account, and 60 percent of the sales on account were collected in the month b. Journalize the transactions of May 2020. May 12. Decided the Parker Courier account was uncollectible and wrote it off. General Journal Date Arrunte Dahil Cradle Choose from any list or enter any number in the input fields and then continue to the next question, Print Done The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statement months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required b. Journalize the transactions of May 2020. May 12. Decided the Parker Courier account was uncollectible and wrote it off. General Journal Date Accounts Debit Credit May May 15. Collected $8,400 from Gemini Distributors for sales made in the first three months. General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged accordi Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required May 31. Total sales in the month were $440,000; 90 percent of these were on credit and 60 percent of the credit sales were collected in the month. Begin with the total sales for the month. (Round your answer to the nearest dollar.) General Journal Date Accounts Debit Credit May Next, record the credit sales collected in May. (Round your answer to the nearest dollar.) General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of wt months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged accc Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required May 26. Received a cheque from Placerville Solutions for $20,000 plus four cheques of $3,150 each, post-dated to June 26, July 26, August 26, and September 2 To record the transactions of May 26, begin with the reversal of the write-off for Placerville Solutions. General Journal Date Accounts Debit Credit May Now, record the receipt of the $20,000 cheque. General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question. bo ek The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which $464,00 months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged according to the Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required c. Journalize the month-end adjustment, using the table that appears in requirement 1a. (Do not round intermediary calculations. Only round the amount you input in the General Journal Date Accounts Debit Credit May Requirement 2. For the method of accounting for the uncollectibles used above, show: a. The balance sheet presentation of the accounts receivable Amiel Employment Agency Balance Sheet (partial) April 30 May 31 Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statements and had total sales of $580,000 (of which $464,0 months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made up of the following accounts aged according to the Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required Requirement 2. For the method of accounting for the uncollectibles used above, show: a. The balance sheet presentation of the accounts receivable Amiel Employment Agency Balance Sheet (partial) April 30 May 31 Net accounts receivable b. The overall effect of the uncollectibles on the income statement for the months of April and May 2020. Income Statement May (partial): Expenses: April 30 May 31 Choose from any list or enter any number in the input fields and then continue to the next question. The Amiel Employment Agency started business on January 1, 2020. The company produced monthly financial statement months. On April 30, Accounts Receivable had a balance of $224,952 (no accounts have been written off to date), which was made Click the icon to view the aging-of-accounts-receivable table.) (Click the icon to view the accounts receivable transactions.) Required May 21. Decided the Placerville Solutions account was uncollectible and wrote it off. General Journal Date Accounts Debit Credit May May 24. Collected $2,200 from Nalla Design for sales in the month of January. General Journal Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next