View Policies Show Attempt History You are viewing Attempt 2/Continue Work Accounts receivable transactions are provided below for J Sheridan Co. Dec. 31, 2023 Mar. 5, 2024 June 6, 2024 The company estimated that 5% of its accounts receivable would become uncollectible. The balances in the Accounts Receivable account and Allowance for Doubtful Accounts were $668,000 and $2,500 (debit), respectively. The company determined that R. Mirza's $3,200 account and D. Wight's $6,200 account were uncollectible. T company's accounts receivable were $707,400 before the accounts were written off. Wight paid the amount that had been written off on March 5. The company's accounts receivable were $658,c prior to recording the cash receipt for Wight. Your answer is partially correct. Prepare the journal entries on December 31, 2023, March 5, 2024, and June 6, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles Dec. 31, 2023 Bad Debt Expense Allowance for Doubtful Accounts Mar 5, 2024 v Allowance for Doubtful Accounts June 6, 2024 Accounts Receivable (To record write off of accounts receivable of R. Mirza.) Allowance for Doubtful Accounts Accounts Receivable (To record write off of accounts receivable of D. Wight.) Debit Credi 35,900 9,400 9,400 6,200 Mar, 2024 June 6, 2024 Anowance for toubtunccounts Accounts Receivable (To record write off of accounts receivable of R. Mirza.) Allowance for Doubtful Accounts Accounts Receivable (To record write off of accounts receivable of D. Wight.) June 6, 2024 V Accounts Receivable Cash (To reverse write off.) (Collection of account that was previously written off.) 7,400 9,400 6,200 6,200 Question Part Score (b) Post the journal entries to Allowance for Doubtful Accounts and calculate the new balance after each entry. Date Explanation Dec. 31, Balance unadjusted Debit 2023 Dec. 31, AJE 2023 Mar. 5. Write off Mirza 2024 Ref. Allowance for Doubtful Accounts Debit Attempts: 2 of 2 used 6.4A Credit Balance 4 O Search Question 2 of 5 < Date Explanation Dec. 31. Balance unadjusted Debit 2023 Dec. 31, AJE 2023 Mar 5. Write off Mirza 2024 Mar 5. Write off Wight 2024 June 6, Reverse write off 2024 Ref. McAfee LiveSafe College how to VitalSource Booksh... VitalSource Books Allowance for Doubtful Accounts Debit 6.4/15 E Credit Balance E