The trial balance of Harlem Company at December 31, 2016 indudes the following

Debits Credits $ 3.000 700.000 20.000 Question 3 The trial balance of Harlem Company at December 31, 2016 includes the following Accounts Receivable $80,000 Allowance for Doubtful Accounts (Debit) Sales (all on credit) Sales Returns and Allowances Present the journal entries specified below show supporting calculations If Harlem uses the aging method and estimates that $5,000 of receivables will be uncollectible, prepare the adjusting entry (2) B if Harlem estimates uncollectibles at 3% of net credit sales, prepare the appropriate adjusting entry 2) May 1 units at $6 (beg inv) units at $7 units at $9 22 consisted of 300 units of Product A at a cost of $6 per unit. During May, the following purchases Question 1 Joe Poultry uses a periodic inventory system. Its beginning inventory on May 1 and sales were made: Purchases Sales 300 6 300 8 14 400 300 units 400 units 1,000 700 Instructions: Compute the May 31 (1) ending inventory and May (ii) cost of goods sold under (a) Average Cost Method, (2+2) (b) Assuming the company uses perpetual inventory system calculate the cost of ending inventory and COGS with LIFO method (2+3)