JS te Help System Announcements CALCULATOR PRINTER VERO 13 Question 3 The Garvey Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 6% of accounts receivable will eventually be uncollect Selected account balances at December 31, 2016, and December 31, 2017, appear below: Not Credit Sales Accounts Recevable Allowance for Doubtful Accounts 12/31/2016 $400,000 80,000 4,000 12/31/2017 $500,000 100,000 2 Enter the 12/31/2016 balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record the transactions Aug. 10 Determined that the account of Kurt West for $900 is uncollectible. Sept. 12 Determined that the account of ill Lynch for $3,000 is uncollectible Record the following events in 2017. (Enter negative amounts using either a negative sign preceding the number ... -45 or parentheses L.: (45) Assets Liabilities Stockholder's Equity Retained Earnings Accounts Receivable Allow. For Doubt. Accounts Accounts Payable Common Stock Rev. EXO Div. Bal. 12/31/2016 5 $ (a) 2017 Aug. 10 Sept. 12 LINK TO TEXT 0440 arch o 10