Do the Balance Sheet (Partial):

On June 30, Premier Party Planners had a $35,000 balance in Accounts Receivable and a $2,752 credit balance in Allowance for Uncollectible Accounts. During July, Premier made credit sales of $193,000. July collections on account were $164,000, and write-offs of uncollectible receivables totaled $2,870. Uncollectible-accounts expense is estimated as 3% of credit sales. No sales returns are expected. Ignore cost of goods sold. Read the requirements. Requirement 2. Show the ending balances in Accounts Receivable, Alowance for Uncollectible Accounts, and Not Accounts Receivable at July 31. How much does Premier expect to collect? In the following T-accounts, enter the beginning balances, the adjusting entries and compute the ending balances. (Enter the corresponding letter as the posting reference.) Compute the net accounts receivable at July 31. The net accounts receivable at July 31 is Premier expects to collect Requirement 3. Show how Premier Party Planners will report accounts receivable and net sales on its July 31 balance sheet and income statement for the month ended July 31. Begin by preparing the partial balance sheet showing how the store will report accounts receivable on July 31