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The October 1, 2020, records of Fast Communications include these accounts Accounts Receivable $ 245,000 Allowance for Uncollectible Accounts (8.600) At year-end, the company ages

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The October 1, 2020, records of Fast Communications include these accounts Accounts Receivable $ 245,000 Allowance for Uncollectible Accounts (8.600) At year-end, the company ages its receivables and adjusts the balance in Allowance for Uncolectible Accounts to comespond to the aging schedule During the last quarter om 2020, the company completed the following selected transactions: (Click the icon to view the transactions.) Requirements Requirement 1. Record the wnto-off of unconoctible accounts in the joumal (Record debits first then credits. Explanations are not required) Journal Entry Accounts Debit Date Credit Nov 22 Sh y 3 Ned record the 60-day not receivable Journal Entry 650 Debit Credit Date Accounts Coun ular Choose from any list or enter any number in the input fields and then continue to the next question Cash 3 of 4 (1 complete) This Test: 55 pls por The October 1, 2020. records of Fast Communications include these accounts i Transactions Accounts Receivable Allowance for Uncolectible Accounts At year-end, the company ages its recen 2020, the company completed the follow (Click the icon to view the transi schadule During the last quarter of Requromonts 2020 Nov 30 Wrote of as uncollectible the $2,000 account receive from Blue Carpets and the $500 account receivable from Johnson Antones Dec 31 One of its customers, Tiffany Ltd agreed to sign a 60 daynote recevable to replace the $1,300 accounts receivable due on that day Dec 31 Adusted the Allowance for Uncollectble Accounts and recorded Bad Debt Expense at year-end, based on the aging of receivables which follows Requirement 1. Record the write-off of required) Date NOV Tote Balance Age of Accounts 0-30 37.60 61-90 Over 90 Days Days Days Days $ 151,000 $35,000 $ 21.000 $38000 023 05% 50% $245,003 n Estimated uncollectible Next, record the 60-day not receivable 3 559 Print Done Date Ace CUM Choose from any list or enter any number in the input fields and then continue to the next question dic

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