1. Open the three selected general ledger accounts. 2. Enter the transactions and the adjusting and closing entries in a general journal (page 6). After each entry, post only to the three accounts named. If an amount box does not require an entry, leave it blank. 3. Determine the net realizable value as of December 31 . Pyle Nurseries used the allowance method to record the following transactions, adjusting entries, and closing entries during the year ended December 31,20 : Feb. Received 67% of the $3,200 balance owed by Wiley's Waterworks, a bankrupt 9 business, and wrote off the remainder as uncollectible. May Reinstated the account of Amanda Akin, which had been written off in the 28 preceding year, and received $2,121 cash in full settlement. Aug. Wrote off the $5,575 balance owed by Jojo Xu as uncollectible. Reinstated the account of Tomi Kennedy which had been written off in the Oct. 5 preceding year, and received $3,115 cash in full settlement. 28$12,819. Feb. 9 Rececved 67 of the $3,200 balance owed by Wley/5 Waterworks, a bankrupt business, and wrote off the remainder as uncollectible. May 28 Reinstated the account of Amanda Akn, which had been wnitten of in the preceding yeac, and received $2,121 cash in ful settiement: Aus - 16 Wrote otf the $5,575 balance owed by lolo x4 as uncolectible. Oct 5 Reinstated the account of Tomi Kennedy whith had been witten off in the preceding year, and received $3,115 cash in full settlement. bec. 28 Wrote off the foliawing accounts as uncollectible, in compound entry formi lacobs \& Wilson, $11,277;5peca3ty Landicapes, $15,014; kiana Hoyer, $12,819. 31 Based on an aging analvsis of the $978,420 of accounts receivable, $ was estimated that 549,590 will be uncollectible. Made the adjusting entry. 31 Made the entry to dose the appreprate account to Income Summary. 5elocted accounts and begnning balances on larnary 1,20=, are as follows: 172.1 Allowance for Doubthul Accourks $41,910 credt 313 Income suminary S.2 Bad Dedt Deense General Joumal 1. Open the three selected goneral ledger accounts 2. Enker the transactions and the adjusting and dosing entries in a general joumsl (page 6). Ater cach entry, post only to the three accounts named. If an amourt box does net require an entry, leave it blank 3. Determine the net realizable value as of December 31 . 1. Open the three selected general ledger accounts. 2. Enter the transactions and the adjusting and closing entries in a general journal (page 6). After each entry, post only to the three accounts named. If an amount box does not require an entry, leave it blank. 3. Determine the net realizable value as of December 31 . Pyle Nurseries used the allowance method to record the following transactions, adjusting entries, and closing entries during the year ended December 31,20 : Feb. Received 67% of the $3,200 balance owed by Wiley's Waterworks, a bankrupt 9 business, and wrote off the remainder as uncollectible. May Reinstated the account of Amanda Akin, which had been written off in the 28 preceding year, and received $2,121 cash in full settlement. Aug. Wrote off the $5,575 balance owed by Jojo Xu as uncollectible. Reinstated the account of Tomi Kennedy which had been written off in the Oct. 5 preceding year, and received $3,115 cash in full settlement. 28$12,819. Feb. 9 Rececved 67 of the $3,200 balance owed by Wley/5 Waterworks, a bankrupt business, and wrote off the remainder as uncollectible. May 28 Reinstated the account of Amanda Akn, which had been wnitten of in the preceding yeac, and received $2,121 cash in ful settiement: Aus - 16 Wrote otf the $5,575 balance owed by lolo x4 as uncolectible. Oct 5 Reinstated the account of Tomi Kennedy whith had been witten off in the preceding year, and received $3,115 cash in full settlement. bec. 28 Wrote off the foliawing accounts as uncollectible, in compound entry formi lacobs \& Wilson, $11,277;5peca3ty Landicapes, $15,014; kiana Hoyer, $12,819. 31 Based on an aging analvsis of the $978,420 of accounts receivable, $ was estimated that 549,590 will be uncollectible. Made the adjusting entry. 31 Made the entry to dose the appreprate account to Income Summary. 5elocted accounts and begnning balances on larnary 1,20=, are as follows: 172.1 Allowance for Doubthul Accourks $41,910 credt 313 Income suminary S.2 Bad Dedt Deense General Joumal 1. Open the three selected goneral ledger accounts 2. Enker the transactions and the adjusting and dosing entries in a general joumsl (page 6). Ater cach entry, post only to the three accounts named. If an amourt box does net require an entry, leave it blank 3. Determine the net realizable value as of December 31