Part 4 (Chapter 6 content) 16 Marks Flatland Computers has credit sales of $ student number + $ 450,000 in 2019 and a credit balance of $2,600 in the Allowance for Doubtful Accounts at year end. As of December 31, 2019, $215,000 of accounts receivable remain uncollected. The credit manager of Flatland Computers used the Aging of Accounts Receivable Method and calculated the ending balance of the Allowance for Doubtful Accounts should be $15,750. On April 15, 2020 Flatland Computers writes off the $2,500 balance owed by customer: B. Jorgenson. On May 31, 2020, Customer B. Jorgenson realizes he now has the money to pay part of the previously owed amount. He pays $ 1,325 cash. Required: Work is to be completed on the corresponding sheet in the Excel workbook, using the format provided. a) Prepare the adjusting entry to record the estimated uncollectible accounts expense on December 31, 2019. b) Record the journal entry to write off the B. Jorgenson account on April 15, 2020. c) Record the journal entry for May 31, 2020. d) Calculate the net Accounts Receivable balance which would appear on the statement of financial position (balance sheet) on December 31, 2019. Date Account Name DR CR

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