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value: 10.00 points Reproduced below from Farthington Supplys accounting records is the accounts receivable subledger along with selected general ledger accounts. General Ledger Accounts Receivable

value: 10.00 points

Reproduced below from Farthington Supplys accounting records is the accounts receivable subledger along with selected general ledger accounts.

General Ledger
Accounts Receivable

Dec. 31/16 Balance 163,500 7,100 Jan. 4/17
Credit sales in 2017 ???? ???? Collections in 2017
15,000 July 15/17

Dec. 31/17 Balance ????

Allowance for Doubtful Accounts

July 15/17 14,500 300 Dec. 31/16 Balance
???? Dec. 31/17

???? Dec. 31/17 Balance

Accounts Receivable Subledger
JenStar Company

Dec. 31/16 Balance 50,000
Nov. 15/17 ????

50,000

Jan. 20/17

Dec. 31/17 Balance 109,000

Indigo Developments

Dec. 31/16 Balance -0-
Mar. 1/17 18,000 18,000 Mar. 20/17
Nov. 28/17 42,000
Dec. 2/17 4,500

Dec. 31/17 Balance 46,500

Lomas Industries

Dec. 31/16 Balance ????
7,100 Jan. 4/17
???? Jan. 7/17
Apr. 21/17 55,000 55,000 May 5/17
Dec. 7/17 26,000

Dec. 31/17 Balance 26,000

PDQ Servicing

Dec. 31/16 Balance 15,000
15,000 July 15/17

Dec. 31/17 Balance -0-

During the year 2017, there were no recoveries of accounts previously written off. Only one account that of PDQ Servicing, was identified as being uncollectible on July 15, 2017. On January 4, 2017, Farthington issued a $7,100 credit memo to Lomas Industries regarding damaged goods returned. Required: Analyzing the accounts, determine the following amounts: a. The December 31, 2016, balance in Lomas Industries account. b. The January 7, 2017, collection from Lomas Industries. c. The December 31, 2017, balance in the Accounts Receivable controlling account. d. The November 15, 2017, transaction in JenStar Companys account. e. Collections during 2017. f. Credit sales during 2017. g. Adjusting entry on December 31, 2017, to estimate uncollectible accounts based on a rate of 2.5% of outstanding receivables. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar.) h. The December 31, 2017, balance in the Allowance for Doubtful Accounts. (Round your final answer to nearest whole dollar.)

i. Show how accounts receivable should appear on the balance sheet on December 31, 2017. (Round your final answer to nearest whole dollar.)

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