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The September 30, 2019, records of First Data Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the
The September 30, 2019, records of First Data Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the last quarter of 2019, the company completed the following selected transactions: (Click the icon to view the selected transactions.) During the year, First Data 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.) Read the requirements. Requirement 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Wrote off as uncollectible the $1,400 account receivable from Brown Carpets and the $800 account receivable from Priceless Antiques. Journal Entry Date Accounts Debit Credit Nov 30 Allowance for Uncollectible Accounts Accounts Receivable-Brown Carpets Accounts Receivable-Priceless Antiques Choose from any list or enter any number in the input fields and then click Check Answer. ? 4 parts Clear All Final Check remaining More Info X More Info ov 30 Accounts Receivable and aging schedule to be used at December 31, 2019 Wrote off as uncollectible the $1,400 account receivable from Brown Carpets and the $800 account receivable from Priceless Antiques. Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Age of Accounts ec 31 Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $231,000 $ 143,000 $ 50,000 $ 16,000 $ 22,000 35% Estimated percent uncollectible 0.2% 2% 15% Print Done ACCOUTILS Dale Dewi Print Creuil Done Nov 30 Allowance for Uncollectible Accounts Accounts Receivable-Brown Carpets Accounts Receivable-Priceless Antiques Data Table At September 30, 2019: Choose from any list or enter any number in the input fields and then click Check Answer. Accounts Receivable. $ 243,000 (8,100) Allowance for Uncollectible Accounts 4 parts Clear All remaining
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