- X More Info a. Sales of $176,000 ($155,000 on account; $21,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $128,000. c. Write-offs of uncollectible receivables, $2,700. Print Done i Requirements . 1. Journalize all entries for Maple Bank related to the note for 2018 and 2019. 2. Which party has a a. note receivable? b. note payable? c. interest revenue? d. interest expense? 3. Suppose that Kim Caulkin defaulted on the note. What entry would Maple record for the dishonored note? Print Done Al January 1, 2018 Windy Mountain Flegolahad Accounts Receivable of 526.000 and Allowance for Bad Debts had a credit helance of 53.000 During the year, Windy Mountain Flagpoles recorded the following (Cick the icon to view the transactions) Read the reculement Requirement 1. Journalize Windys transactions that occurred during 2018. The company uses the alowance method. Record dcbis first, then credits Select the cxplanation on the lastne of the joumal entry table.) (8) Sales of $175,000 (5155,000 on account 521,000 for cseh) Ignore Coel of Good Soldiepere single compound jumalny Date Accounts and Explanation Dobit Credit 2018 ib. Collections on account, $120.000 Dare Accounts and Fxplanation 2018 Det Credit Il le Wie-offs of uncobbler V 52.700 Date Accounts and Explanation 2018 Debit Credit Requirement 2. Post Windy's transactions to the Accounts Receivable and Allowance for Bad Debes T-accounts Enter the beginning balances and the journal entries and then compute the unadjusted balance of each account Accounts Receivable Allowance for Bad Debts Requirement 3. Journalice Windy's cusment to record had cebis expertise asuming Windy estimate hed debts as 45 of credit sales Peet the justment to the propriala T-Rounts (Recand debts first, then credits Select the pleration on the last line of the journal entry table) First oumaize Windy's adjustment to record bad debts cxpense. Dale we Account and Faplanation Debil 2018 Dec 31 I Post the adjustment to the appropriate accounts Enter the unadjusted balances computed in requirment and the the beginning balance for the Bad Debt Expense account. The post the adjustment and compute the December 31 adjusted balance of each account (Enter for any zero balances) Accounts Receivable Allowance for Bad Debts 11 1 IN 1 II Bad Debts Expense Requirement 4. Show how Windy Mountain Flagpoles will report net accounts receivable on in December 31, 2018 balance sheet Halance Sheet (Partial Current Abel Choose from any list or enter any number in the input fields and then continue to the next