Question: Just need help on the last ones I got wrong! CALCULATOR SCREEN |PRINTER VERSON BACK Exercise 7-12 Your answer is partially correct. Try again, Presented
CALCULATOR SCREEN |PRINTER VERSON BACK Exercise 7-12 Your answer is partially correct. Try again, Presented below is information related to Ayayai Corp, which sells merchandise with terms 2/10, net/60. Ayayai Corp. records its sales and receivables net. July 1 Ayayai Corp. sold to Warren Harding Co. merchandise having a sales price of $15,000. 5 Accounts receivable of % 12,300 (gross) are factored with Andre r Jackson Credit Corp. without recourse at a n anong charge or es can s received for the pres coleaos are handled by the finance company. (These accounts were all past the discount period.) company will make the collections. (All the accounts receivable are past the discount period.) record the increase in the receivable on July 11 when the discount period passed) 9 Specific accounts receivable of $12,300 gross are pledged to Ar Land Credit Corp. as security for a loan or so soo at a finance cha ge 0,6% or the eno t or the loa the mana Dec. 29 Warren Harding Co. not es Ayayai that it is ba rupt and will pay only 20% of its account. Give the entry to writ off the uncollectible balance using the allowance method i tent Prepare all necessary entries in general journal form for Ayayai Corp. (If no entry is required, select "No Entry" for the account tities and enter O for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation DebitCredit 14 7/5 on Sae of
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