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The October 1, 2020 records of First Report Communications include these accounts Accounts Receivable $ 225,000 Allowance for Uncollectible Accounts (8.200) Al year-end, the company
The October 1, 2020 records of First Report Communications include these accounts Accounts Receivable $ 225,000 Allowance for Uncollectible Accounts (8.200) Al year-end, the company ngas its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule During the last quarter of 2020, the company completed the following seleded transactions (Click the icon to view the transactions) Requirements Transactions Requirement 1. Record the write-off of uncollectible accounts in the journal (Record debits first, then credits. Explanations are not required) Journal Entry Accounts Date Debit Credit Nov D. 2020 Nov 30 Wrole off as uncollectible the $1 800 ccount rocervible from Green Carpets and the $700 account recevable from Johnson Antiques Dec 31 One of its customers, Kelly Lid agreed to sign a 60-day not receivable loroplace the $1 300 accounts receivable due on that day Dec 01 Adjusted the Allowance for Uncollectible Accounts and recorded Kad Debt Expense at your end based on the aging of receivables which is Next record the 60 day not receivabla Journal Entry Date Accounts Debit Credit Doc Total Balance Age of Accounts 0-30 31-60 61-90 Over 30 Days Days Days Days 5 151 000 5 38.000 5 20 000 $ 18.000 029 50% 301 Choose from any list or enter any number in the input fields and then continue to the next question $225.000 Estimated uncollectible 05% Print The October 1, 2020, records of First Report Communications include these accounts Accounts Receivable $ 225,000 Allowance for Uncollectible Accounts (8.200) Al your end the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schodulo During the last quartor of 2020, the company completed the follo (Click the icon to view the transactions) Requirements D Requirements Requirement 1. Record the writo off of uncollectible accounts in the pumal (Record debits first, then credits. Explanations are not required.) Journal Entry 1 2 Accounts Debit Credit Date 3. Record the transactions in the journal Explanations Proparo a T account for Accounts Receivable and the Uncolloclible Accounts and post to those accounts Show how First Roport would report its accounts roce comparative balance shoot for 2019 and 2020. Al De company's Accounts Receivablo balance was $2080 for Uncollectible Accounts stood at $4,500 Nov Print Done Next, record the 60-day note recevable Journal Entry Accounts Debit Credit Data Dec Choose from any list or enter any number in the input fields and then continue to the next
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