HOMEWORK 1 PREVIOUS NEXT Problem 1 : PS9-42 Background: Cytat cea Clean the source med to be inside the following Jamaica Crystal Assignment: The roll down to them and you Complete all form of Hiremca The cats we Wylewe wyrovided in the art of Accouh (dick Chart of the world in the Loch Ledovi) 2. Prema other post the wali even achterlate posting the cual Transactions: 01/01/2018 Wirformed deaning service for Debts list for 59,000 on account with terms 10, W20 01/30/2018 Borrowed money from High Roller Bank, $20,000, making a 180 day, 15 note. 07/12/2018 Alat dus om with My Clomers, crystal clear has determined that $273 or the receivable weet wint not be collected Wroteo the portion of the 2018 Sold.conds to Westido Sono come with term chat.cold was 100 SAVE WORK RESET RESULTS SUOMET WORK BUSINESS REPORTS January 1, 2018 - January 31, 2018 > COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNALL Date Accounts Debit Credit No transactions in Joumal ADD TRANSACTION EDIT CHECKED THARACTION DELETE CREED TRACE //601718a9e2a5d34d895b19316bd9S/problem/1/business/Generallournal/view HOMEWORK 1 PUVIOUS 1 NEXT Problem 1 :PS9-42 Background: Assignment: This is requi. Scroll down to the game and ensure you Crystal Clear Cleaning is the allowance method to estimate bad debt Consider the following complete all request before your work for grading Jary transactions for Crystal Cleat Requirements 1. The account wiedy Crystal Clear Cleaning are provided the last of Accounts (click en Chart of Account w). The conteady been opened in the Gental Lediger (click on "General Ledger to view) 2. Prepare also record the transactions and post themes to the General Ledger Review each of the accounts in the General Ledges to see the respostyumal othection include the chx.com the Transactions: 01/01/2018 Performed cleaning service for Debbie's D-list for $9,000 on account with terms 3/10, 1/20 01/10/2018 Borrowed money from High Roller Bank, $20,000, making a 180 day, 15% note. 01/12/2018 Alter discussions with Merty Cleaners, Crystal clear has determined that $275 of the receivable owed will not be collected. Wrote of this 01/15/2018 Sold oods to Westford for $8.000 on account with terms 510/30..Cost of Goods Sold was son SAVE WORK RESET RESULTS SUBMIT WORK January 1, 2018 - January 31, 2018 > BUSINESS REPORTS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL 5 Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION ED CHECKED TRANSACTION DELETE CHECKED TRANSACTIONS Transactions: 01/01/2018 Performed cleaning service for Debbie's Delist for $9,000 on account with terms 3/10, 20, 01/10/2018 Borrowed money from High Roller Bank, $20,000, making a 180 day, 15% note 01/12/2018 After discussions with Merry Cleaners, Crystal Clear has determined that $275 of the receivable owed will not be collected. Wrote of this portion of the receivable 01/15/2018 Sold Goods to Westford for 58.000 on account with terms 5:40. 130. Cost of Goods.Sold was 5400 SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS January 1, 2018 - January 31, 2018 > COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Transactions: 01/28/2018 Sold goods to Meaghan, Inc. for cash of $2,000 (cost $350) 01/28/2018 Collected from Merry Cleaners, $275 of receivable previously written off. 01/29/2018 Paid cash for utilities of $450. 01/31/2018 Created an aging schedule for Crystal Clear for accounts receivable. Crystal Clear determined that $8,100 of receivables were 5% uncollectible 9.775. oficeceivables were incollectibles and Streceivables were collectible Ceystal clear 01/29/2018 Pald cash for utilities of $450. 01/31/2018 Created an aging schedule for Crystal Clear for accounts receivable, Crystal Clear determined that $8,100 of receivables were 5% uncollectible, $9,775 of receivables were 15% uncollectible, and $850 of receivables were 30% uncollectible Crystal Clear determined the total amount of estimated uncollectible receivables and adjusted the Allowance for Bad Debts assuming a credit balance of $240 in the account. (Round to nearest whole dollar) owing Assignment: This question has 4 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your work for grading. Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts" to view). The accounts have already been opened in the General Ledger (click on "General Ledger" to view). 2. Prepare journal entries to record the January transactions and post the entries to the General Ledger 3. Review each of the accounts in the General Ledger to see the results of posting the journal entries for the January transactions including the changes in each account as well as the Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts" to view). The accounts have already been opened in the General Ledger (click on "General Ledger" to view). 2. Prepare journal entries to record the January transactions and post the entries to the General Ledger 3. Review each of the accounts in the General Ledger to see the results of posting the journal entries for the January transactions, including the changes in each account as well as the balance in each 4. Review the net accounts receivable section of the balance sheet for Crystal Clear Cleaning as of January 31, 2018 (click on "Balance Sheet" to view). BUSINESS REPORTS January 1, 2018 - January 31, 2018 > COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Account 10400 14 TOMTOO 10600 20100 2015 2055 30900 37077002 Description Accounts Receivable Debble's list ARGIVE MY CARS ACCOUNTS Receivable Westford Merchandise Inventory Accounts Payable Notes Rabindran Uncamed Revenue Owen Cantal Allowance for Bad Bebts Income Summary Sales Revenue Service Revenue Cost of Goods Sold Bad Debt Expense Besponse Type Current Asset Icono current AB Current Asset Current Liability Currently currently Stockholders Stockholders Equity Incomum Sales Revenue Service Reven Cost of Goods COLLEGE ONS G000 050 S0100 SOUSO SOBSO BUSINESS REPORTS January 1, 2018 - January 31, 2018 TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE INCOME STATEMENT BALANCE SHEET Assets 0 2,000 2.000 2,000 2.000 Current Assets: Accounts Receivable - Debbie's list Accounts Receivable. Merry Cleaners Total Current Assets Total Assets Liabilities Total Liabilities Owner's Equity Proprietor's Last Name, Capital Total Liabilities and Owner's Equity 0 SAVE WORK RESET RESULTS SUBMIT WORK January 31, 20 BUSINESS REPORTS January 1, 2018 - TRANSACTIONS BY DATI GENERAL LEDGER TRIAL BALANCE INCOME STATEMENT BALANCE SHEET Crystal Clear Cleaning Income Statement Month Ended January 31, 2018 Service Revenue 0 Net Income (1 055) 0 SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS January 1, 2018 - January TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE INCOME STATEMENT BALANCE SHEET Crystal Clear Cleaning Trial Balance January 31, 2018 Account Name Debit Credit 2,000 Accounts Receivable Merry Cleaners Allowance for Bad Debts Total 240 $240 $2,000 January BUSINESS REPORTS January 1, 2018 TRANSACTIONS BY DATE GENERAL LEDGER TRIAL BALANCE INCOME STATEMENT BALANCH SHEET Crystal Clear Cleaning General Ledger Month Ended January 31, 2018 Cash Account no, 10100 Balance Date Debit Credit Credit 01/01/2018 Debit Accounts Receivable - Debbie's D-list Account no. 10400 Balance Debit Credit Date Debit Credit 01/01/2018 Accounts Receivable - Merry Cleaners Account no. 10450 BUSINESS REPORTS