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The Accounts Receivable balance and Allowance for Bad Debts for Spring Garden Plans at December 31, 2015, was $10,800 and $2,000 (credit balance). During 2016,

The Accounts Receivable balance and Allowance for Bad Debts for Spring Garden Plans at December 31, 2015, was $10,800 and $2,000 (credit balance). During 2016, Spring Garden completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Spring's transactions for 2016 assuming Spring Garden uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Sales revenue on account, $271,100 (ignore Cost of Goods Sold) image text in transcribed
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The Accounts Receivable balance and allowance for Bad Debts for Spring Garden Plans at December 31, 2015, was 510,800 and $2,000 (credit balance) During 2016, Spring Garden completed the following transactions Click the icon to view the transactions) Read the requirements BED Requirement 1. Journalize Spring's transactions for 2016 assuming Spring Garden uses the allowance method (Record debits first, then credits Select the explanation on the last line of the journal entry table) 5 a. Sales revenue on account $271,100 (ignore Cost of Goods Sold) Accounts and Explanation Debit Credit mil Sim simi - X More info a. Sales revenue on account, $271,100 (ignore Cost of Goods Sold) b. Collections on account, $218,000. c. Write-offs of uncollectibles, $5,500. d. Bad debts expense of $5,400 was recorded. Print Done - Requirements 1. Journalize Spring's transactions for 2016 assuming Spring Garden uses the allowance method. 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T-accounts, and determine the ending balance of each account 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2016 Print Done

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