there is some that i did, the rest i am unsure of
Uncollectible Accounts, Using Direct Write-Off Method tEustrate the effects on the accounts and financial statements of the following transactions in the accounts of Valley Care \& Supplies Co, a local hospital supply company that uses the direct write-oif method of accounting for uncolectible receivables: If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. March 18. Received $14,625 on an account. Providing for Doubtful Accounts At the end of the current year, the occounts receivabie occount has a balance of $866,000 and sales for the year total $9,820,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the following independent assumptions: a. The allowance account before adjustment has a negative balance of $(11,700), bad debt expense is estimated at 3/4 of 1% of saies. 1 b. The allowance account before adjustment has a negative balance of 3(11,700). An aging of the atcounts in the customar ledger indicates estimated doubtful accounts of $37,400 : c. The allowance account before adjustment has a positive baiance of $9,200, Bad debt expense is estimated at 1/2 of 1% of sales. d. The alowance account before adyustment has a positive balance of $9,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $76,400. Quantum Technologies, a computer consulting firm, has decided to write off the $39,125 balance of an account owed by a customer. Illustrate the effects on the account and nnancial statements of recording the write-off based on the following assumptions: If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outfiows as negative amounts. (a) Assuming that the direct write-off method is used: percentage of uncollectble occounts in each age category are as follows: Assume that the allowance for doibtful accounts for Sun Valley Rides had a negative batance of $(31,620) as of December 31,20Y3. Ilivitrate the effects of the adjustment for uncodectible accounts as of December 31, 20Y3, on the accounts and financal statements. If no account or activity is affected, select "No effect" from the dropdown fist and leave the corresponding number entry box blank. Enter accoun decreases and cash outflows as negative amounts. The following is a partial balance sheet for Zebel Company: Prepare a corrected partial balance sheet for zabel Company ct. 1 July 3. Wrote off the remalning $43,055 owed on account as uncollectible. Aug. 29. Reinstated the account that had been written off on March 18. (Do not record the collection of cash yet.) March 18. Wrote off the remaining $71,130 owed on account as uncollectible. Aug. 29. Reinstated the account that had been written off on March 18. (Do not Uncoliectuble Receivables, Using Allowance Method Tilustrate the effects on the accounts and financial stateinents of the following transactions in the accounts of Kitchen Depot Compary, a restaurant suppiy company that uses the allowance method of accounting for uncollectible receivables: If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank, Enter account decreases and cash outfiows as negative amounts. July 3 . Received $30,500 on an account
