Use the information from the following journal entries to answer the questions about Diamond Inc. for 2017. i (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($87,000) and then post to the Account Receivable T-account. How much do Diamond's customers owe the company at December 31, 2017? 2. Start with the Allowance account's beginning credit balance, ($15,500) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2017, does the company expect not to collect? 3. At December 31, 2017, what is the net realizable value of the company's accounts receivable? Requirement 1. Start with the Account Receivable's beginning balance ($87,000) and then post to the Account Receivable T-account. How much do Diamond's' customers owe the company at December 31, 2017? (Leave any unused cells blank.) Accounts Receivable Using the T-account you prepared above, how much is the company owed at December 31, 2017? $ Requirement 2. Start with the Allowance account's beginning credit balance ($15,500) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2017, does the company expect not to collect? (Leave any unused cells blank.) Allowance for Uncollectible Accounts Using the T-account you ared above, how much does the company expect not to collect at December 31, 2017? The company expects not to collect at December 31, 2017 $ Requirement 3. At December 31, 2017, what is the net realizable value of the company's accounts receivable? Diamond's net realizable value of accounts receivable is $. Choose from any list or enter any number in the input fields and then continue to the next question. Use the information from the following journal entries to answer the questions about Diamond Inc. for 2017. (Click the icon to view the journal entries.) 1. Start with the Account Receivable's beginning balance, ($87,000) and 2. Start with the Allowance account's beginning credit balance, ($15,500 i Journal entries 3. At December 31, 2017, what is the net realizable value of the compar Requirement 1. Start with the Account Receivable's beginning balance blank.) Accounts Receivable any at December 31, 2017? at December 31, 2017, does the company expect not to collect? pwe the company at December 31, 2017? (Leave any unused cells Journal Entry Accounts Debit Credit 1. Accounts Receivable 1,030,000 Sales Revenue 1,030,000 Using the T-account you prepared above, how much is the company owe 2. Cash 900,000 Requirement 2. Start with the Allowance account's beginning credit bala collect? (Leave any unused cells blank.) Accounts Receivable 900,000 receivables at December 31, 2017, does the company expect not to Allowance for Uncollectible Accounts 20,000 3. Allowance for Uncollectible Accounts Accounts Receivable 20,000 10,000 4. Bad Debt Expense Allowance for Uncollectible Accounts Using the T-account you prepared above, how much does the company 10,000 The company expects not to collect at December 31, 2017 $. Print Done Requirement 3. At December 31, 2017, what is the net realizable value Diamond's net realizable value of accounts receivable is $N. Choose from any list or enter any number in the input fields and then continue to the next