1. Puyallup Physical Therapy provides services worth $1,000 to a customer on account at a 25%...

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1. Puyallup Physical Therapy provides services worth $1,000 to a customer on account at a 25% trade discount. What journal entry should be made to record the transaction? (1 point) < 2. Luxury Jewelry reported the following amounts at the end of the year: Total jewelry sales = $750,000 Sales returns $50,000 = Sales allowances = $30,000 Sales discounts = $20,000 < In addition, at the end of the year, the company estimates the following transactions associated with this year's sales will occur next year: Sales returns: $5,000; Sales allowances: $2,000; Sales discounts: $2,000. How much is net revenues? Show your calculations. (1 point)\ < 3. E5-3 On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, discount terms (credit terms) 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, 1) record the service on account on March 12 and 2) record the collection of cash on March 20. (2 points) < 4. E5-4 (modified) Refer to the information in E5-3, but now assume that Grace does not pay for the services until March 31, missing the 2% sales discount. < Required: For Medical Waste Services, record the collection of cash on March 31. (1 point) < + 5. Hoodsport Clinic uses the allowance method to account for its uncollectible accounts. It has the following balances on December 31, 2024 before any adjusting entries: Accounts Receivable = $200,000 Allowance for Uncollectible Accounts = $18,000 (credit) The clinic estimates uncollectible accounts to be 25% of Accounts Receivable. < What year-end adjusting entry should be made for uncollectible accounts? (1 point) < After the year-end adjusting entry is made, how much is net Accounts Receivable? Show your calculations. (1 point) < 1. Puyallup Physical Therapy provides services worth $1,000 to a customer on account at a 25% trade discount. What journal entry should be made to record the transaction? (1 point) < 2. Luxury Jewelry reported the following amounts at the end of the year: Total jewelry sales = $750,000 Sales returns $50,000 = Sales allowances = $30,000 Sales discounts = $20,000 < In addition, at the end of the year, the company estimates the following transactions associated with this year's sales will occur next year: Sales returns: $5,000; Sales allowances: $2,000; Sales discounts: $2,000. How much is net revenues? Show your calculations. (1 point)\ < 3. E5-3 On March 12, Medical Waste Services provides services on account to Grace Hospital for $11,000, discount terms (credit terms) 2/10, n/30. Grace pays for those services on March 20. Required: For Medical Waste Services, 1) record the service on account on March 12 and 2) record the collection of cash on March 20. (2 points) < 4. E5-4 (modified) Refer to the information in E5-3, but now assume that Grace does not pay for the services until March 31, missing the 2% sales discount. < Required: For Medical Waste Services, record the collection of cash on March 31. (1 point) < + 5. Hoodsport Clinic uses the allowance method to account for its uncollectible accounts. It has the following balances on December 31, 2024 before any adjusting entries: Accounts Receivable = $200,000 Allowance for Uncollectible Accounts = $18,000 (credit) The clinic estimates uncollectible accounts to be 25% of Accounts Receivable. < What year-end adjusting entry should be made for uncollectible accounts? (1 point) < After the year-end adjusting entry is made, how much is net Accounts Receivable? Show your calculations. (1 point) <