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The September 30, 2019, records of First Report Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the year, First Report Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. (Click the icon to view the Accounts Receivable balance and aging schedule to be used at December 31, 2019.) During the last quarter of 2019, the company completed the following selected transactions: (Click the icon to view the selected transactions.) Read the requirements. i Requirements - X A Data Table junt receivable from Rare Antiques. At September 30, 2019: Accounts Receivable. .......$ ..... 248,000 (8,300) Allowance for Uncollectible Accounts 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account. 3. Show how First Report Communications will report its accounts receivable in a comparative balance sheet for 2018 and 2019. (Use the three-line reporting format.) At December 31, 2018, the company's Accounts Receivable balance was $214.000, and the Allowance for Uncollectible Accounts stood at (Be sure to use the December 31, 2019 aging schedule given in the problem data.) Print Done More Info Print Done Nov 30 A More Info - X Wrote off as uncollectible the $1,400 account receivable from Cheap Carpets and the $300 account receivable from Rare Antiques. Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Dec 31 Print Done Accounts Receivable and aging schedule to be used at December 31, 2019 Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $234,000 $ 140,000 $ 54,000 $ 19,000 $ Estimated percent uncollectible 0.2% 2% 15% 35% Choose from any list or enter any number in the input fields and then click Check Answer. Print Done The September 30, 2019, records of First Report Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the year, First Report Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. (Click the icon to view the Accounts Receivable balance and aging schedule to be used at December 31, 2019.) During the last quarter of 2019, the company completed the following selected transactions: (Click the icon to view the selected transactions.) Read the requirements. i Requirements - X A Data Table junt receivable from Rare Antiques. At September 30, 2019: Accounts Receivable. .......$ ..... 248,000 (8,300) Allowance for Uncollectible Accounts 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account. 3. Show how First Report Communications will report its accounts receivable in a comparative balance sheet for 2018 and 2019. (Use the three-line reporting format.) At December 31, 2018, the company's Accounts Receivable balance was $214.000, and the Allowance for Uncollectible Accounts stood at (Be sure to use the December 31, 2019 aging schedule given in the problem data.) Print Done More Info Print Done Nov 30 A More Info - X Wrote off as uncollectible the $1,400 account receivable from Cheap Carpets and the $300 account receivable from Rare Antiques. Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Dec 31 Print Done Accounts Receivable and aging schedule to be used at December 31, 2019 Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $234,000 $ 140,000 $ 54,000 $ 19,000 $ Estimated percent uncollectible 0.2% 2% 15% 35% Choose from any list or enter any number in the input fields and then click Check Answer. Print Done