Question: ( a ) Reinstatement ( b ) Collection 4 . Assume that on March 4 , 2 0 Y 8 , Averys All - Natural
a Reinstatement
b Collection Assume that on March Y Averys AllNatural wrote off the $ account of Superior Images as uncollectible. Illustrate the effect on the accounts and financial statements of the writeoff of the Superior Images account.
If no account or activity is affected, select No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.
Balance Sheet
Assets Liabilities Stockholders' Equity
Y Mar. fill in the blank
fill in the blank
fill in the blank
fill in the blank
Statement of Cash Flows Income Statement
fill in the blank
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Assume that on August Y Superior Images paid $ on its account. Illustrate the effect on the accounts and financial statements of reinstating and collecting the Superior Images account.
a Reinstatement
If no account or activity is affected, select No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.
Balance Sheet
Assets Liabilities Stockholders' Equity
Y Aug. fill in the blank
fill in the blank
fill in the blank
fill in the blank
Statement of Cash Flows Income Statement
fill in the blank
fill in the blank
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