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urgent please On December 31, 2020, Extreme Fitness has adjusted balances of $910,000 in Accounts Receivable and $77,000 in Allowance for. Doubtful Accounts. On January
urgent please
On December 31, 2020, Extreme Fitness has adjusted balances of $910,000 in Accounts Receivable and $77,000 in Allowance for. Doubtful Accounts. On January 2, 2021, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $21,000. Required: a. What amount would the company report as its net accounts recelvable on December 31,2020 ? b.Prepare the journal entry to wite off the accounts on January 2,2021 . c-1. Assuming no other transactions occurred between December 31, 2020, and January 3, 2021, what amount would the company report as its net accounts receivable on January 3, 2021? c-2. Has net accounts recelvable changed from December 31, 2020? Complete this question by entering your answers in the tabs below. What amount would the company report as its net accounts receivable on December 31,2020? --1. Assuming no other transactions occurred between December 31, 2020, and January 3, 2021, what amount would the company eport as its net accounts receivable on January 3, 2021? =-2. Has net accounts recelvable changed from December 31, 2020? Complete this question by entering your answers in the tabs below. Prepare the joumal entry to write off the accounts on January 2, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the $21,000 write-off of certain custemer accounts which are not coliectible. Woted Enter debats before credils. On December 31, 2020, Extreme Fitness has adjusted balances of $910,000 in Accounts Receivable and $77,000 in Allowance for Doubtul Accounts. On January 2, 2021, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $21,000. Required: a. What amount would the company report as its net accounts receivable on December 31,2020 ? b. Prepare the joumal entry to write off the accounts on January 2, 2021. c-1. Assuming no other transactions occurred between December 31, 2020, and January 3, 2021, what amount would the company report as its net accounts recelvable on January 3,2021 ? c-2. Has net accounts receivable changed from December 31,2020 ? Complete this question by entering your answers in the tabs below. Assuming no other transactions occurred between December 31 , 2020, and January 3,2021 , what amount would the company report as its net accounts receivable on January 3,20217 On December 31, 2020, Extreme Fitness has adjusted balances of $910,000 in Accounts Receivable and $77,000 in Allowance for Doubtful Accounts. On January 2, 2021, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $21,000. Required: a. What amount would the company report as its net accounts receivable on December 31,2020 ? b. Prepare the joumal entry to write off the accounts on January 2, 2021. c-1. Assuming no other transactions occurred between December 31, 2020, and January 3, 2021, what amount would the company report as its net accounts receivable on January 3, 2021? c-2. Has net accounts recelvable changed from December 31,2020 ? Complete this question by entering your answers in the tabs below. Has net accounts receivable changed from December 31, 2020? Has net accounts recelvable chanoed from Docomber 31, 2020 Step by Step Solution
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