What are the match of accounting terms

The balance sheet of Regal Company on July 31, 2020 showed balances in Accounts Receivable of $625,000 and an Allowance for Doubtful Accounts of $30,500. During the month of August 2020, transactions affecting Accounts Receivable were as follows: a) Sales on account $637,000 b) Cash collections from credit customers 95,000 c) Accounts receivable from Good Company written-off as worthless 8,200 After a careful aging and analysis of all customer accounts on August 31, it was determined that the Allowance for Doubtful Accounts should be adjusted to a balance of $52,400. (note: the company is using the allowance method) 1) Prepare the general journal entries for each of the three above Transactions (a, b,&c). Use the transaction date of August 31, 2020. 2) Prepare the adjusting entry on August 31, 2020 to provide for uncollectible accounts assuming that Regal Company adjusts its accounts at the end of each month. 3) What is the amount of Net Accounts Receivable that should be reported on the Balance Sheet as of August 31, 2020? 4) Assume that on October 31st, two months after the accounts receivable from Good Company had been written-off as worthless, Good Company sent Regal a check for $4,100. Prepare the journal entry to record the recovery and receipt of payment from Good Company Continues on the next page Question #2 The Auto Warehouse Company sells cars. The company following transactions involving its receivables during 2020. Jan 24 settlement of an oper Accepted a 60-day, 10 percent, $36,000 promissory note in account receivable from Flack Company. Mar 24 Received payment from Flack Company for the note plus interest. May 17 Sold several cars for $120,000 to Johnson Company. Recei in cash and a ved $80,000 90-day, 12 percent note for the balance. Aug 15 when asked to pay, Johnson Company dishonored the note. Aug 24 Received a 60-day, 12 percent note for $90,000 from Gold Company for the sale of several cars. Nov 24 Gold Company dishonored the note. Dec 14 Received paymont in full from Gold Company, including 10 percent interest for the 20 days since the note was dishonored Required: Prepare entries in journal form to record the preceding transactions