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39016 3 5.416 019 The balance ding cho 135416 100 dentity which is Questa Question 1 - Vancouver Co. completed the below journal entries required

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39016 3 5.416 019 The balance ding cho 135416 100 dentity which is Questa Question 1 - Vancouver Co. completed the below journal entries required on the date the transaction happened and cos during 2018.Com the w ine on December 31, 2018.25 marks a. On July 1, 2018, Vancouver Company paid $5,000 cash for two-year ce premium for its equipment. dance from som b. On October 1, 2018, Vancouver company collected 54400 for services it will provide over the next two years. Date Account title Question 2 - On December 31, 2018, James Co. completed the below Aging Schedule for accounts receivable. Calculate the total Uncollectible receivable in the table below 35 war Accounts Est. % Uncollectible Days Outstanding Receivable Uncollectible Accounts Rec 1-30 days $157,000 31-60 days $89.000 $$1,000 61-90 days Over 90 days $27,000 Total The Allowance for uncollectible receivables account already has a credit balance of 1000 Calculate the adjustment amount for the journal entry and complete the journal entry

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