Transcribed image text : Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts. Dec. 31/19 Balance Credit sales in 2020 General Ledger Accounts Receivable 158,500 7,000 ???? ???? 14,000 Jan. 4/20 Collections in 2020 July 15/20 Dec. 31/20 Balance ???? July 15/20 Allowance for Doubtful Accounts 14,000 200 ???? Dec. 31/19 Balance Dec. 31/20 Dec. 31/20 Balance Accounts Receivable Subledger JenStar Company 48,000 ???? 48,000 Dec. 31/19 Balance Nov. 15/20 Jan. 20/20 Dec. 31/20 Balance 104,000 Mar. 20/20 Dec. 31/19 Balance Mar. 1/20 Nov. 28/20 Dec. 2/20 Dec. 31/20 Balance Indigo Developments -0- 17,000 17,000 39,000 4,000 43,000 Dec. 31/19 Balance Lomas Industries ???? 7,000 ???? 52,000 52,000 21,000 21,000 Jan. 4/20 Jan. 7/20 May 5/20 Apr. 21/20 Dec. 7/20 Dec. 31/20 Balance Dec. 31/19 Balance PDQ Servicing 14,000 14,000 -- July 15/20 Dec. 31/20 Balance During the year 2020, there were no recoveries of accounts previously written off. Only one account, that of PDQ Servicing, was identified as being uncollectible on July 15, 2020. On January 4, 2020, Farthington issued a $7,000 credit memo to Lomas Industries regarding damaged goods returned. Required: Analyzing the accounts, determine the following amounts: a. The December 31, 2019, balance in Lomas Industries' account. Amount b. The January 7, 2020, collection from Lomas Industries. Amount c. The December 31, 2020, balance in the Accounts Receivable controlling account. Amount d. The November 15, 2020, transaction in JenStar Company's account. Amount e. Collections during 2020. Amount f. Credit sales during 2020. Amount g. Adjusting entry on December 31, 2020, to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. (Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet 1 > Record the adjusting entry to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 h. The December 31, 2020, balance in the Allowance for Doubtful Accounts. (Round your final answer to nearest whole dollar.) Amount i. Show how accounts receivable should appear on the balance sheet on December 31, 2020. (Round your final answers to nearest whole dollar.) Partial Balance Sheet Current assets

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To solve this problem we need to use the information provided to complete Farthington Supplys accounting records a The December 31 2019 balance in Lom... View the full answer