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(i) (Cick the icon to vew tha Aped 2025 trarsactora.) Apr. 1: Perfonred chaning servises for Doras D - list for 35.050 on acoount with terms N20. Requirements More info Apr. 10 Borrowed money trom Vorguard Bank. 570,000 , maknq a tipo say. 105 note. 1. Prepare al requed foumal entries for Clam Giaam. Omt ecplarations. Apr. 12 Afer dscussions wht More Shine. Clam Gleam has determieed Eat $125 of the recenable. 2. Show row net accounts receivabie would be reported on the balince. owed will not be colected. Weote of this porton of the recevible sheet as of April 30, 2025 Ape. 15 Soid gods to Waker for 57,000 on acoourt whth lems nizo. Cost of Cools Sold war 53.500. Ape, 2s Sold goode to tindesy. Ine for cash of B1, 005 (ocat 5540 ) A er, 23 Colected from More Stine, $125 of recelvablo perviouily wnten off. Apr. 21 Paid eash for vilies of 5:00. Apr. 30 Crealed an aging scheoue for Giam Gleam Cleaning for ascounta recovabie. Glan Gieam butsianding for more than 60 days were 30% unodlectole. Gan Giean Coaning deternired the total amourt of estinated unoollectele cecevabies and aduated the Alowatoe for Bad Debes. Assume the account had an unecfurted credt balance of 5270 . (Flound to rearest Weked Wid Company has experienced rapid groweh in as frot few months of operatons and has had a signfcant increase in cuatomers renthg cances and purchasing T.strets. Many of twse customors are asking for credit terms. Ashloy and Zod Wison, stockholbers and compary managers, hwe denided it is time to revew their business transections and update tome of their tusiness aging schedule: Requirement 1. The comparty wants to use the atowance method to estmate bad debts. Aswame a zoro beginning bolance for Alowance for tlad Debts Data table Requirements 1. The concary wants to use the alowance enethod to astmase bad drob. Detarmine the edimates bad debts expenae under the following methods at Jure 30. 2026. Aatume a zeto heginning balance for Alowance for Bad Debts. Round to the feareat dola. a. Peccent-of-sales methed, assuming 5% of credt salias wit not be colected. b. Percent af-eecelvatles mathod, assuming 10N of teceivalies will act te colected. c. Aging-ol-focevables mathod, assuring 107 cof invilces 1.30 dys will not be. collected, 15% of invices 31.60 days, 30% of invoices 61.90 dwss, and 60% of invoices over 90 days. 2. Journalize the entry at June 30,2025 , to adfust for bad dabts eapenae ining the percers-of-sales method. 3. Aournatice the entry at June 30, 2005, to record the write-olf of the Dawn Darcare invoct. 4. At June 30, 2025, T.accouns for Accounts Rhcetivable and Adowance for Bad Debts belore Requirements 2 and 3 have been opened for you. Post entres frome Recuirements 2 and 3 to those accounts. Assurre a zero beginning balance for Alowance for Bad Debts 5. Show how Wicked Wid Company will report nat acoounts receivable on the baance theot on dune 30, 2025 . (i) (Cick the icon to vew tha Aped 2025 trarsactora.) Apr. 1: Perfonred chaning servises for Doras D - list for 35.050 on acoount with terms N20. Requirements More info Apr. 10 Borrowed money trom Vorguard Bank. 570,000 , maknq a tipo say. 105 note. 1. Prepare al requed foumal entries for Clam Giaam. Omt ecplarations. Apr. 12 Afer dscussions wht More Shine. Clam Gleam has determieed Eat $125 of the recenable. 2. Show row net accounts receivabie would be reported on the balince. owed will not be colected. Weote of this porton of the recevible sheet as of April 30, 2025 Ape. 15 Soid gods to Waker for 57,000 on acoourt whth lems nizo. Cost of Cools Sold war 53.500. Ape, 2s Sold goode to tindesy. Ine for cash of B1, 005 (ocat 5540 ) A er, 23 Colected from More Stine, $125 of recelvablo perviouily wnten off. Apr. 21 Paid eash for vilies of 5:00. Apr. 30 Crealed an aging scheoue for Giam Gleam Cleaning for ascounta recovabie. Glan Gieam butsianding for more than 60 days were 30% unodlectole. Gan Giean Coaning deternired the total amourt of estinated unoollectele cecevabies and aduated the Alowatoe for Bad Debes. Assume the account had an unecfurted credt balance of 5270 . (Flound to rearest Weked Wid Company has experienced rapid groweh in as frot few months of operatons and has had a signfcant increase in cuatomers renthg cances and purchasing T.strets. Many of twse customors are asking for credit terms. Ashloy and Zod Wison, stockholbers and compary managers, hwe denided it is time to revew their business transections and update tome of their tusiness aging schedule: Requirement 1. The comparty wants to use the atowance method to estmate bad debts. Aswame a zoro beginning bolance for Alowance for tlad Debts Data table Requirements 1. The concary wants to use the alowance enethod to astmase bad drob. Detarmine the edimates bad debts expenae under the following methods at Jure 30. 2026. Aatume a zeto heginning balance for Alowance for Bad Debts. Round to the feareat dola. a. Peccent-of-sales methed, assuming 5% of credt salias wit not be colected. b. Percent af-eecelvatles mathod, assuming 10N of teceivalies will act te colected. c. Aging-ol-focevables mathod, assuring 107 cof invilces 1.30 dys will not be. collected, 15% of invices 31.60 days, 30% of invoices 61.90 dwss, and 60% of invoices over 90 days. 2. Journalize the entry at June 30,2025 , to adfust for bad dabts eapenae ining the percers-of-sales method. 3. Aournatice the entry at June 30, 2005, to record the write-olf of the Dawn Darcare invoct. 4. At June 30, 2025, T.accouns for Accounts Rhcetivable and Adowance for Bad Debts belore Requirements 2 and 3 have been opened for you. Post entres frome Recuirements 2 and 3 to those accounts. Assurre a zero beginning balance for Alowance for Bad Debts 5. Show how Wicked Wid Company will report nat acoounts receivable on the baance theot on dune 30, 2025