Please only answer the question below if you know the correct answer. if you answer if incorrect or irelevant, I will report to chegg and leave a thumb down.

Thumb up if you have the correct answer! Thanks

1. Frepare journal entries to adjust all allowances, (It no entry is required tor a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. 2. By how much have these entries changed earnings? 3. What is the net balance of accounts receivable that will be included on the SFP? The accounts of Quickly Company provided the following 204 information at 31 December: In fact, the allowance for sales discounts is not needed at the end of 205 and aging shows that the allowance for doubtful accounts should be $68,600. Required: 1. Prepare journal entries to adjust all allowances. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)