The September 30, 2022, records of Image Communications include these accounts: Click the icon to view the September 30, 2022 account balances.) During the last quarter of 2022, the company completed the following selected transaction (Cick the loon to view the elected transactions.) During the year ago Communications estats Uncollectible-account expense at 15 of credt sales Al year-end (December 31), the company ages its receivables and adjust the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule (Click the icon to view the Accounts Receivable belance and aging schedule to be used at Decembe 31.20221 Read the murements Data Table Data Table Accounts Receivable and schedule to be used at December 31, 2002 Age of Account Account Receivate 1.30 Days 31.60 Day61-00 Days Over 90 Days 5235.000 139,000 5 53,000 12.000 20.000 Estimated percent uncollectie 0.2 29 15% 35% A Sober 30, 2001 Accounts Receivable Allowance for Uncalectie Account 3:47.000 8.000 Print Done Print Done The September 30, 2022, records of image Communications include these accounts: Click the loon to view the September 30, 2022 account balances) During the last quarter of 2022, the company completed the following selected transactions (Click the loon to view the selected transactions During the you, Image Communications estimates Uncatole account expenses of credit At yearend (December 31, the company 2016 is receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the flowing aging chedule Click the .conto vow the Account Pablo bahondaging schedule to como 31,2072) Read the mounts Requirement 1. Record the transactions for the last quarter of 2022 in the joumat. Explanations we not required aceed Cabins test, res cata. Exclude explanations from any jumal ens.) Wrote of us uncollectible the $1,500 account reculvable from Blue Carpets and te 5800 account receivable from Old Timer Anquen Journal Entry Accounts 30 Date Debit Credit NOV Adjusted the Alowance for Uncolectie Accounts and recorded doubtful-account expense a year and based on the aging of recevais Journal Entry Date Accounts Debit Credit Dec 31 Head The more Journal Entry Accounta Debit Date Dec Credit 31 Requirement 2. PreweaT.aunt for lowance for Uncollecte Accounts were repening bolare Post the entries from one to court Open T-account by Dong Dong Dao, The post the entries to the lowance for collectible Account Taccount and came the unding balance Allowance for Uncle Account Requirements. Show how Image Communications will reports accounts in a comparative to shoot for 2021 and 2002. (use the reporting format At December 31, 2021, the company's Read the res WELCO Requirement 3. Show how Image Communications will reports accounts receivable in a comparative balance sheet for 2021 and 2022. (Use the three tir reporting format) A December 31, 2021, the company Accounts Receivable balance was $211.000 and the Allowance for Uncollectible Accounts stood at 54.200 credit balance. Be sure to use Accounts Receivio Douro December 31, 2022 van het problem data) Image Communications Comparative Balance Sheet partial) December 31, 2022 and 2021 2002 2001 Les Read the requirements. Data Table Accounts Receivable and aging schedule to be used at December 31, 2022 Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $233,000 $ 139,000 $ 53,000 $ 12,000 $ 29,000 Estimated percent uncollectible 0.2% 2% 15% 35% Print Done Data Table A At September 30, 2022: Accounts Receivable $ 247,000 Allowance for Uncollectible Accounts (8,600) Print Done Dec 31 The September 30, 2022, records of Image Communications include these accounts: Click the icon to view the September 30, 2022 account balances.) During the last quarter of 2022, the company completed the following selected transactions: (Click the icon to view the selected transactions.) During the year, Image Co At year-end (December 31 for Uncollectible Accounts Click the icon to view 31, 2022.) Read the requirements. Requirement 1. Record the transactions for the last quarter of 2022 in the journal, Explanations are not required. (Record debits first, then Wrote off as uncollectible the $1,500 account receivable from Blue Carpets and the $800 account receivable from Old Timer Antiques. Journal Entry Accounts Credit Date Debit Nov 30 Adjusted the Allowance for Uncollectible Accounts and recorded doubtful-account expense at year-end, based on the aging of receivables. Journal Entry Date Accounts Debit Credit Dec 31 --- During the year, Image 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, 2022.) Read the requirements. not required. (Record debits first, then credits. Exclude explanations from any journal entries.) eceivable from Old Timer Antiques. end, based on the aging of receivables. it
