Question: F1) As Assistant Controller for Captom Inc. you have used an aging schedule to estimate uncollectable Accounts Receivables to be $25,700 for the year ended

F1) As Assistant Controller for Captom Inc. you have used an aging schedule to estimate uncollectable Accounts Receivables to be $25,700 for the year ended April 30, 2019. The ending balance in Allowance for Doubtful Accounts before adjustment is a debit of 912. Paragraph B S A + Font family 3 (12pl). LB IX Required: Prepare the necessary Journal Entry. (2 Marks) Date Account Debit Credit Path: 2 * SpanF2) SuperStoreEx Inc, which has a perpetual inventory system, frozen vegetables cost at year-end November 30" was $69,700. The Controller, John Digger, has calculated the Net Realizable Value of this inventory to be 62,935. Paragraph U S X X = = = TE A & - 1 4 0 8 Forit family 3 (12pt) Part I) Required: Record the necessary Journal Entry using the inventory allowance method. (2 Marks) Date Account Debit Credit Part II) Required: Prepare the necessary Journal Entry using the direct method. (1 Mark) Date Account Debit Credit Path: 2 * gpan *> strong

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