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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

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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 last quarter of 2019, the company completed the following selected transactions: (Click the icon to view e selected transactions.) During the year, First Report Communications estimates Uncolectible-account pense at 1% of credit sales. At your-end (December 31), the company is its receivables and as the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule Oick the icon to view the Accounts Receivable balance and aging schedule to be used at December 31, 2018) Read the routements Requirement. Pocond the transactions for the last quarter of 2010 in the joum. Explanations are not required. Record debts first thon credits. Exclude explanation from any pumal ontron) Wrote off as uncollectible the $1.400 account receivable from Cheap Carpets and the $600 account receivable from Old Timer Antes Journal Entry Accounts Debit Credit Date Now 30 Adjusted the lowance for Uncollectible Accounts and recorded doubtful-account expense at year end, based on the aging of receivables Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question The September 30, 2019, records of First Report Communications include the accounts: IF (Click the icon to view the September 30, 2019 count balanc) During the last quarter of 2010, the company completed the following lected actions Click the icon to view the lected actions) During the year First Report Communications estimates Uncolectible counter les Al yearend (December 21). The company ages its bandas bien Mlowance for collectible Accounts to correspond to engaging schedule Click the icon to view the counter when to be done 31, 2010) Journal Entry Accounts Date Debat Credit Dec 31 Requirement 2. Prepare a Taccount for Alowance for Uncollectible Accounts with appropriate beginning balancePout the tries from Requirement to that account Opon the T-account by posting te beginning balance. Then post the entries to the Allowance for Uncle Accounts T-account and calculate the ending balance Allowance for Uncollectible Account Choose from any list or enter any number in the input fields and then continue to the next question The September 30, 2010, records of Report Communications include the accounts ITO (Clithe konto view the opember 302010 account) During the quarter of 2019, the company completed the following the ratione (Cick the icon to view the sected insations During the yearst Report Communications estimates Unofcunt 1 of credit sales. Al year end (December 3), the company posts relatie and we Allow for Uncolectie Accounts to contespond to the flowing are where fick the icon to view it Accounts Receivable and we used of December 31.2010) Read the Requirements. Show how First Report Communications will report is accounts receivable in a comparative borce sheet for 2018 and 2019. ure the reporting from December 2010 company's counts Receivable balance ww $214000, and the lowance for Uncolectie Accounts wood $4,700. (Be sure to use the Accounts Receivable balance at December 31, 2018 en in de problem First Report Communications Comparative Balance Sheet partial December 31, 2015 and 2018 2010 2018 Choose from any list or enter any number in the input ties and then continue to the testi Data Table More info These G During AL Sember 30, 2015 Accounts Receivable Allowance for Uncollectible Accounts 245.000 18.2001 Accounts Receivable and aging schedule to be used at December 31, 2019 Age of Accounts Accounts Receivati 1-30 Days 31.80 Days 61-80 Days Over o wys $232.000 $ 140,000 $ 45,000 $ 19.000 $ 28.000 Estimated percent collectible 2% 35 Print Done 02 Requirement Requirements More Info Nov 30 Wrote off as uncollectible the $1,400 account receivable from Cheap Carpets and the $600 account receivable from Old Timer Antiques Adjusted the Allowance for Uncollectible Accounts and recorded collectible-account expense at year-end, based on the aging of receivables Dec 31 1. Record the transactions for the last quarter of 2019 in the joumal Explanations are not required 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance Post the entries from requirement to that account 3. Show how First Report Communications will reports accounts receivable in a comparative balance sheet for 2018 and 2019. (Use the three-ine sporting format) At December 31, 2018, the company Accounts Receivable balance was $214000, and the Alowance for Uncollectibles Accounts stood at 54.700 (Be sure to use the December 31, 2019 aging schedule given in the problem Print Done Print Done

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