1 1 points eBook Print References On February 3, a company provides services on account for...

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1 1 points eBook Print References On February 3, a company provides services on account for $28,000, terms 2/10, n/30. On February 9, the company receives payment from the customer for those services on February 3. Record the service on account on February 3 and the collection of cash on February 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the services on account for $28,000, terms 2/10, n/30. Note: Enter debits before credits. Date February 03 General Journal Debit Credit Record entry Clear entry View general journal > 1 1 points eBook On February 3, a company provides services on account for $28,000, terms 2/10, n/30. On February 9, the company receives payment from the customer for those services on February 3. Record the service on account on February 3 and the collection of cash on February 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Print < 1 2 References Record the collection of cash on February 9. Note: Enter debits before credits. Date February 09 General Journal Debit Credit Record entry Clear entry View general journal > 2 Marquette's Jewelry has the following transactions during the year: total jewelry sales = $700,000; sales discounts = $17,500; sales returns = $45,000; sales allowances = $25,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts = $1,750; sales returns = $5,400; sales allowances = $3,330. Compute net sales. 1 points eBook Total sales Print Net sales References 3 1 points Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $11,800. On September 9, the customer unexpectedly pays the $11,800 balance. Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook View transaction list Print References Journal entry worksheet < 1 2 Re-establish the portion of the account previously written off. Note: Enter debits before credits. Date September 09 General Journal Debit Credit Record entry Clear entry View general journal > 1 3 points Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $11,800. On September 9, the customer unexpectedly pays the $11,800 balance. Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entr Required" in the first account field.) eBook View transaction list Journal entry worksheet Print < 1 1 2 References Record the cash collection on September 9. Note: Enter debits before credits. Date September 09 General Journal Debit Credit Record entry Clear entry View general journal > 4 1 points At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $630 (debit) before adjustment. The balance of Accounts Receivable is $25,300. The company estimates that 10% of accounts will not be collected over the next year. What is the adjusting entry Mercy Cosmetics would record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook Print References View transaction list Journal entry worksheet < 1 Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal > 5 1 points eBook Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due = $22,000; estimated uncollectible = 5%. 2. Accounts 1 to 30 days past due = $9,200; estimated uncollectible = 20%. 3. Accounts more than 30 days past due = $3,200; estimated uncollectible = 30%. Compute the total estimated uncollectible accounts. Age Group Print References Not yet due 1 to 30 days past due More than 30 days past due Total Estimated Amount Uncollectible 6 1 points On April 25, Kerrytown Electric installs wiring in a new home for $1,500 on account. However, on April 27, Kerrytown's electrical work does not pass inspection, and Kerrytown grants the customer an allowance of $400 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Required: 1. 2. & 3. Record the journal entries for the above information. 4. Calculate net sales reported in the income statement. eBook Complete this question by entering your answers in the tabs below. Hint Req 1 and 2 and 3 Req 4 Print Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list References Journal entry worksheet 1 2 3 Record the service revenue on account. Note: Enter debits before credits. Date April 25 General Journal Debit Credit > 6 Req 1 and 2 and 3 Req 4 1 points Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list eBook Journal entry worksheet < 1 2 3 Hint Print Record the sales allowance. Note: Enter debits before credits. References Date April 27 General Journal Debit Credit Record entry Clear entry View general journal > 6 1 points Req 1 and 2 and 3 Req 4 Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list eBook Hint Print Journal entry worksheet < 1 2 3 Record the cash collection. Note: Enter debits before credits. References Date April 30 General Journal Debit Credit Record entry Clear entry View general journal 6 1 points On April 25, Kerrytown Electric installs wiring in a new home for $1,500 on account. However, on April 27, Kerrytown's electrical work does not pass inspection, and Kerrytown grants the customer an allowance of $400 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Required: 1.2. & 3. Record the journal entries for the above information. 4. Calculate net sales reported in the income statement. eBook Hint Print References Complete this question by entering your answers in the tabs below. Req 1 and 2 and 3 Req 4 Calculate net sales reported in the income statement. Net Sales < Req 1 and 2 and 3 Req 4 > 7 St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit). St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. points eBook Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Hint Print Required: Estimated Percent Amount Receivable Uncollectible $31,000 15% 9,100 20% 6,100 45% 4,800 85% $51,000 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Estimated Amount Uncollectible 1 7 St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit). St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. points eBook Age Group Not yet due to 30 days past due 31 to 90 days past due More than 90 days past due Hint Total Required: Estimated Percent Amount Receivable Uncollectible $31,000 15% 9,100 20% 6,100 45% 4,800 85% $51,000 Print References 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the adjusting entry for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit 1 7 St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit). St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. points Age Group eBook Not yet due to 30 days past due 31 to 90 days past due More than 90 days past due Total Hint Required: Print Amount Receivable Estimated Percent Uncollectible $31,000 15% 9,100 20% 6,100 45% 4,800 $51,000 85% 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet. Total Accounts Receivable Net Accounts Receivable < Required 2 Required 3 > 8 00 1 points eBook On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,700. In payment for the services, Whole Grain Bakery signs a 10% note requiring the payment of the face amount and Interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry Is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) Hint Print References View transaction list Journal entry worksheet < 1 2 Record the acceptance of the note receivable for legal services provided. Note: Enter debits before credits. Date March 01 General Journal Debit Credit Record entry Clear entry View general journal 8 oints On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,700. In payment for the services, Whole Grain Bakery signs a 10% note requiring the payment of the face amount and Interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry Is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) eBook Hint Print References View transaction list Journal entry worksheet 1 2 Record the cash received on note receivable and interest. Note: Enter debits before credits. Date September 01 General Journal Debit Credit Record entry Clear entry View general journal > 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. o References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > Provide services to customers on account for $31,400. Note: Enter debits before credits. Date February 02, 2024 General Journal Debit Credit Record entry Clear entry View general journal 9 The following events occur for Wainwright Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 1 points June 28, 2025 October 5, 2025 September 13, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. December 31, 2025 Estimate that 20% of uncollected accounts will not be received. eBook Print References Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 345678 Receive $21,500 from customers on account. Note: Enter debits before credits. Date July 23, 2024 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 28% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. eBook Print Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Estimate that 20% of uncollected accounts will not be received. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5-6-78 Provide services to customers on account for $44,400. Note: Enter debits before credits. Date April 12, 2025 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Receive $6,000 from customers for services provided in 2024. Note: Enter debits before credits. Date June 28, 2025 General Journal Debit Credit Record entry Clear entry View general journal 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Write off the remaining amounts owed from services provided in 2024. Note: Enter debits before credits. Date September 13, 2025 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. eBook Print References Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 456 7 8 Receive $39,500 from customers for services provided in 2025. Note: Enter debits before credits. Date October 05, 2025 General Journal Debit Credit Record entry Clear entry View general journal 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Estimate that 20% of uncollected accounts will not be received. Note: Enter debits before credits. Date December 31, 2025 General Journal Debit Credit Record entry Clear entry View general journal 1 9 points The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. eBook Print Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. December 31, 2024 December 31, 2025 Debit Debit Cash Allowance for Uncollectible Accounts Credit Credit December 31, 2024 December 31, 2024 December 31, 2025 Debit Accounts Receivable Credit December 31, 2025 Required 1 Required 3 > 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Total accounts receivable 2024 2025 Net accounts receivable Required 2 Required 3 1 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. points Age Group eBook Not yet due 0 to 30 days past due 31 to 60 days past due Print References More than 60 days past due Total Required: Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 Calculate the allowance for uncollectible accounts. Age Group Not yet due Estimated Amount Uncollectible 0 to 30 days past due 31 to 60 days past due More than 60 days past due Total Req 1 Req 2 to 4 > 1 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. points eBook Age Group Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Print References Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal < Roq 1 Req 2 to 4 > Show less A 1 10 points eBook Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. Age Group Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 Print References 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction let Journal entry worksheet < 1 2 3 4 On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. Note: Enter debits before credits. Date April 03, 2025 General Journal Debit Credit Record entry Clear entry View general journal < Req 1 Req 2 to 4 > Show less A 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. 1 points Age Group eBook Print References Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction let Journal entry worksheet < 1 2 3 On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the reversal of write-off. Note: Enter debits before credits. Date July 17, 2025 General Journal Debit Credit Record entry Clear entry View general journal < Req 1 Req 2 to 4 > Show less 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. 1 points Age Group eBook Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Print References Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction let Journal entry worksheet < 1 2 3 On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Note: Enter debits before credits. Date July 17, 2025 General Journal Debit Credit Show less A Record entry Clear entry View general journal < Req 1 Req 2 to 4 > 1 1 points eBook Print References On February 3, a company provides services on account for $28,000, terms 2/10, n/30. On February 9, the company receives payment from the customer for those services on February 3. Record the service on account on February 3 and the collection of cash on February 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the services on account for $28,000, terms 2/10, n/30. Note: Enter debits before credits. Date February 03 General Journal Debit Credit Record entry Clear entry View general journal > 1 1 points eBook On February 3, a company provides services on account for $28,000, terms 2/10, n/30. On February 9, the company receives payment from the customer for those services on February 3. Record the service on account on February 3 and the collection of cash on February 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Print < 1 2 References Record the collection of cash on February 9. Note: Enter debits before credits. Date February 09 General Journal Debit Credit Record entry Clear entry View general journal > 2 Marquette's Jewelry has the following transactions during the year: total jewelry sales = $700,000; sales discounts = $17,500; sales returns = $45,000; sales allowances = $25,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts = $1,750; sales returns = $5,400; sales allowances = $3,330. Compute net sales. 1 points eBook Total sales Print Net sales References 3 1 points Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $11,800. On September 9, the customer unexpectedly pays the $11,800 balance. Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook View transaction list Print References Journal entry worksheet < 1 2 Re-establish the portion of the account previously written off. Note: Enter debits before credits. Date September 09 General Journal Debit Credit Record entry Clear entry View general journal > 1 3 points Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $11,800. On September 9, the customer unexpectedly pays the $11,800 balance. Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entr Required" in the first account field.) eBook View transaction list Journal entry worksheet Print < 1 1 2 References Record the cash collection on September 9. Note: Enter debits before credits. Date September 09 General Journal Debit Credit Record entry Clear entry View general journal > 4 1 points At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $630 (debit) before adjustment. The balance of Accounts Receivable is $25,300. The company estimates that 10% of accounts will not be collected over the next year. What is the adjusting entry Mercy Cosmetics would record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook Print References View transaction list Journal entry worksheet < 1 Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal > 5 1 points eBook Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due = $22,000; estimated uncollectible = 5%. 2. Accounts 1 to 30 days past due = $9,200; estimated uncollectible = 20%. 3. Accounts more than 30 days past due = $3,200; estimated uncollectible = 30%. Compute the total estimated uncollectible accounts. Age Group Print References Not yet due 1 to 30 days past due More than 30 days past due Total Estimated Amount Uncollectible 6 1 points On April 25, Kerrytown Electric installs wiring in a new home for $1,500 on account. However, on April 27, Kerrytown's electrical work does not pass inspection, and Kerrytown grants the customer an allowance of $400 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Required: 1. 2. & 3. Record the journal entries for the above information. 4. Calculate net sales reported in the income statement. eBook Complete this question by entering your answers in the tabs below. Hint Req 1 and 2 and 3 Req 4 Print Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list References Journal entry worksheet 1 2 3 Record the service revenue on account. Note: Enter debits before credits. Date April 25 General Journal Debit Credit > 6 Req 1 and 2 and 3 Req 4 1 points Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list eBook Journal entry worksheet < 1 2 3 Hint Print Record the sales allowance. Note: Enter debits before credits. References Date April 27 General Journal Debit Credit Record entry Clear entry View general journal > 6 1 points Req 1 and 2 and 3 Req 4 Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list eBook Hint Print Journal entry worksheet < 1 2 3 Record the cash collection. Note: Enter debits before credits. References Date April 30 General Journal Debit Credit Record entry Clear entry View general journal 6 1 points On April 25, Kerrytown Electric installs wiring in a new home for $1,500 on account. However, on April 27, Kerrytown's electrical work does not pass inspection, and Kerrytown grants the customer an allowance of $400 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Required: 1.2. & 3. Record the journal entries for the above information. 4. Calculate net sales reported in the income statement. eBook Hint Print References Complete this question by entering your answers in the tabs below. Req 1 and 2 and 3 Req 4 Calculate net sales reported in the income statement. Net Sales < Req 1 and 2 and 3 Req 4 > 7 St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit). St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. points eBook Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Hint Print Required: Estimated Percent Amount Receivable Uncollectible $31,000 15% 9,100 20% 6,100 45% 4,800 85% $51,000 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Estimate the amount of uncollectible receivables. Age Group Not yet due 0 to 30 days past due 31 to 90 days past due More than 90 days past due Total Estimated Amount Uncollectible 1 7 St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit). St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. points eBook Age Group Not yet due to 30 days past due 31 to 90 days past due More than 90 days past due Hint Total Required: Estimated Percent Amount Receivable Uncollectible $31,000 15% 9,100 20% 6,100 45% 4,800 85% $51,000 Print References 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the adjusting entry for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit 1 7 St. Joseph Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $51,000; Allowance for Uncollectible Accounts = $1,400 (credit). St. Joseph estimates uncollectible accounts based on an aging of accounts receivable as shown below. points Age Group eBook Not yet due to 30 days past due 31 to 90 days past due More than 90 days past due Total Hint Required: Print Amount Receivable Estimated Percent Uncollectible $31,000 15% 9,100 20% 6,100 45% 4,800 $51,000 85% 1. Estimate the amount of uncollectible receivables. 2. Record the adjusting entry for uncollectible accounts on December 31, 2024. 3. Calculate net accounts receivable reported in the balance sheet. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet. Total Accounts Receivable Net Accounts Receivable < Required 2 Required 3 > 8 00 1 points eBook On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,700. In payment for the services, Whole Grain Bakery signs a 10% note requiring the payment of the face amount and Interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry Is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) Hint Print References View transaction list Journal entry worksheet < 1 2 Record the acceptance of the note receivable for legal services provided. Note: Enter debits before credits. Date March 01 General Journal Debit Credit Record entry Clear entry View general journal 8 oints On March 1, Terrell & Associates provides legal services to Whole Grain Bakery regarding some recent food poisoning complaints. Legal services total $9,700. In payment for the services, Whole Grain Bakery signs a 10% note requiring the payment of the face amount and Interest to Terrell & Associates on September 1. Required: For Terrell & Associates, record the acceptance of the note receivable on March 1 and the cash collection on September 1. (If no entry Is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) eBook Hint Print References View transaction list Journal entry worksheet 1 2 Record the cash received on note receivable and interest. Note: Enter debits before credits. Date September 01 General Journal Debit Credit Record entry Clear entry View general journal > 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. o References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > Provide services to customers on account for $31,400. Note: Enter debits before credits. Date February 02, 2024 General Journal Debit Credit Record entry Clear entry View general journal 9 The following events occur for Wainwright Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 1 points June 28, 2025 October 5, 2025 September 13, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. December 31, 2025 Estimate that 20% of uncollected accounts will not be received. eBook Print References Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 345678 Receive $21,500 from customers on account. Note: Enter debits before credits. Date July 23, 2024 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 28% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. eBook Print Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Estimate that 20% of uncollected accounts will not be received. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5-6-78 Provide services to customers on account for $44,400. Note: Enter debits before credits. Date April 12, 2025 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Receive $6,000 from customers for services provided in 2024. Note: Enter debits before credits. Date June 28, 2025 General Journal Debit Credit Record entry Clear entry View general journal 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Write off the remaining amounts owed from services provided in 2024. Note: Enter debits before credits. Date September 13, 2025 General Journal Debit Credit Record entry Clear entry View general journal 9 1 points The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. eBook Print References Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 456 7 8 Receive $39,500 from customers for services provided in 2025. Note: Enter debits before credits. Date October 05, 2025 General Journal Debit Credit Record entry Clear entry View general journal 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Estimate that 20% of uncollected accounts will not be received. Note: Enter debits before credits. Date December 31, 2025 General Journal Debit Credit Record entry Clear entry View general journal 1 9 points The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. eBook Print Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. December 31, 2024 December 31, 2025 Debit Debit Cash Allowance for Uncollectible Accounts Credit Credit December 31, 2024 December 31, 2024 December 31, 2025 Debit Accounts Receivable Credit December 31, 2025 Required 1 Required 3 > 1 9 points eBook Print The following events occur for Wainwright Engineering during 2024 and 2025, Its first two years of operations. February 2, 2024 July 23, 2024 December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Required: Provide services to customers on account for $31,400. Receive $21,500 from customers on account. Estimate that 20% of uncollected accounts will not be received. Provide services to customers on account for $44,400. Receive $6,000 from customers for services provided in 2024. write off the remaining amounts owed from services provided in 2024. Receive $39,500 from customers for services provided in 2025. Estimate that 20% of uncollected accounts will not be received. 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Total accounts receivable 2024 2025 Net accounts receivable Required 2 Required 3 1 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. points Age Group eBook Not yet due 0 to 30 days past due 31 to 60 days past due Print References More than 60 days past due Total Required: Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 Calculate the allowance for uncollectible accounts. Age Group Not yet due Estimated Amount Uncollectible 0 to 30 days past due 31 to 60 days past due More than 60 days past due Total Req 1 Req 2 to 4 > 1 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. points eBook Age Group Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Print References Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal < Roq 1 Req 2 to 4 > Show less A 1 10 points eBook Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. Age Group Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 Print References 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction let Journal entry worksheet < 1 2 3 4 On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. Note: Enter debits before credits. Date April 03, 2025 General Journal Debit Credit Record entry Clear entry View general journal < Req 1 Req 2 to 4 > Show less A 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. 1 points Age Group eBook Print References Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction let Journal entry worksheet < 1 2 3 On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the reversal of write-off. Note: Enter debits before credits. Date July 17, 2025 General Journal Debit Credit Record entry Clear entry View general journal < Req 1 Req 2 to 4 > Show less 10 Peterson Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $403,000 on account. Of this amount, $53,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. 1 points Age Group eBook Not yet due 8 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Print References Estimated Percent Amount Receivable Uncollectible $ 33,000 2% 10,300 5% 7,300 10% 2,400 20% $ 53,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330 (debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $330(debit). 3. On April 3, 2025, a customer's account balance of $430 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. (Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction let Journal entry worksheet < 1 2 3 On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection. Note: Enter debits before credits. Date July 17, 2025 General Journal Debit Credit Show less A Record entry Clear entry View general journal < Req 1 Req 2 to 4 >