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The Accounts Receivable balance and Allowance for Bad Debts for Winter Retreats at December 31, 2017, was $10,800 and $2.000 (credit balance), respectively. During 2018,
The Accounts Receivable balance and Allowance for Bad Debts for Winter Retreats at December 31, 2017, was $10,800 and $2.000 (credit balance), respectively. During 2018, Winter Retreats completed the following transactions: (Click the icon to view the transactions.) Read the requirements. b. Collections on account, S219,000. Accounts and Explanation Debit Credit b. Cash 219,000 More Info 219,000 a. Sales revenue on account, $274,800 (ignore Cost of Goods Sold) b. Collections on account, $219,000 c. Write-offs of uncolectibles, $5,600 d. Bad debts expense of $5,000 was recorded. Colected cash on account. c. Write-offs of uncollectibles, $5,600. Accounts and Explanation Debit Credit c. Allowance for Bad Debts 5,600 Print Done 5,600 Requirements Wrote off uncollectible accounts. d. Bad debts expense of $5,000 was recorded. 1. Journalize Winter Retreats's transactions for 2018 assuming Winter Retreats uses the allowance 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense 3. Accounts and Explanation Debit Credit method. d. T-accounts, and determine the ending balance of each account. Show how accounts recoivable would be reported on the balance sheet at December 31, 2018 Print Done Choose from any list or enter any number in the input fields and then click Check
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