100% Zoom Po 1 Pg 2 G C Pg3 Table PO4 Chart Media Cor You have a $343,139 balance in Account Receivable which consist of the following accounts: Account Redevable Customer1 $ 125,546 Customer 2 $ 75,655 Customer 3 $ 30,128 Customer 4 $ 90,456 Customers $ 21,354 $ 343,139 Total Balance in A/R a) You've just received notice that Customer 2 & 4 have both led for bankruptcy. Under the Direct Write O Method, prepare the financial statemen Assets Balance Sheet Uabilities + cash A/R Equity End R/E Net Inc End RV Sales for the month are shown below: . Sales 1 Sales 2 ales 3 Sales 4 Sales 5 $ $ $ $ $ $ 1,354 25% of sale was on credit 4,856 30% of sale was on credit 5,697 45% of sale was on credit 3,529 50% of sale was on credit 1,598 55% of sale was on credit 17,034 a) Prepare your financial statements using the above information b) Under the allowance method you determine that 5% of your ending account receivables will be uncollectible. Adjust your cal statements Balance Sheet Liabilities Neting Equity End RIE Assets 00 100% Zoom Po 1 Pg 2 G C Pg3 Table PO4 Chart Media Cor You have a $343,139 balance in Account Receivable which consist of the following accounts: Account Redevable Customer1 $ 125,546 Customer 2 $ 75,655 Customer 3 $ 30,128 Customer 4 $ 90,456 Customers $ 21,354 $ 343,139 Total Balance in A/R a) You've just received notice that Customer 2 & 4 have both led for bankruptcy. Under the Direct Write O Method, prepare the financial statemen Assets Balance Sheet Uabilities + cash A/R Equity End R/E Net Inc End RV Sales for the month are shown below: . Sales 1 Sales 2 ales 3 Sales 4 Sales 5 $ $ $ $ $ $ 1,354 25% of sale was on credit 4,856 30% of sale was on credit 5,697 45% of sale was on credit 3,529 50% of sale was on credit 1,598 55% of sale was on credit 17,034 a) Prepare your financial statements using the above information b) Under the allowance method you determine that 5% of your ending account receivables will be uncollectible. Adjust your cal statements Balance Sheet Liabilities Neting Equity End RIE Assets 00