Top Performance Cell Phones sold \($18,000\) of merchandise to Andrew Trucking Company on account. Andrew fell on hard times and paid only \($4,000\) of the account receivable. After repeated attempts to collect, Top Performance finally wrote off its accounts receivable from Andrew. Six months later lop Performance received Andrew’s check for \($14,000\) with a note apologizing for the late payment.
Requirements

1. Journalize for Top Performance:

a. Sale on account, \($18,000\). (Ignore cost of goods sold.)

b. Collection of \($4,000\) on account.

c. Write-off of the remaining portion of Andrew’s account receivable. Top Performance uses the allowance method for uncollectibles.

d. Reinstatement of Andrew’s account receivable.

e. Collection in full from Andrew, $14,000.

2. Show how Top Performance would report receivables on its balance sheet after all entries have been posted.