Question: Questions for accounting 101. Hope you can explain it. Solve part b. WileyPLUS El yPLUS Myw eyPLUS | Helg | Kimmel, Financial Accounting, Seventh Canadian
Questions for accounting 101. Hope you can explain it.
Solve part b.

WileyPLUS El yPLUS Myw eyPLUS | Helg | Kimmel, Financial Accounting, Seventh Canadian E INTRODUCTION TO ACCOUNTING I-MAJORS(ACTGIP11) MESSAGE uv mSmucroR STANDARD vxew mums: VERSION | Log Out 4 BACK NEXT > ASSIGNMENT RESOURCES Clla tera Assi "men! Brief Exercise 8-2 Part Level Submission Brief Exercise 873 Part Level Submissianl Brief Exercise 8-5 Part Level Submission) Brief Exercise 8-7 (Part Level Submission) At the end of 2017, Hirccle Corp. has accounts receivable of $491,400 and an allowance for doubtful accounts of $28,200. On January 24, 2013, Hirclole learns that its $10,100 receivable from Hutley Inc. is not collectible. Management authorizes a write off. v (a) Brief Exercise 86 (Part Maw Brief Ex= clse (Pa - Level Submisslon) Brief Exercise 8'12 [Part Level Submission Brief Exercise 8-1 4 (Part Level Submissianl El Brief Exercise 8-15 {Part Level Submission) Problem 6-11A Parr Level Submission) -/ Your answer is currect. Prepare the journal entry to record the write off. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Amount Tides and Explanation Debit Credit v Jan. 24 Allowance for Doubtful Accounts m meant _ Exgand Your Critical Thinking 5-5 (Part Level Submissmn Review Sure Review Results by study Obiective SHOW usr or Accounrs LINK TO TEXT Attempts: 3 of 15 used V (I!) What is the carrying amount of the accounts receivable (1) before the write off and (2) after the write off? Net realizable value 5 l (2) Alter write off $i (1) Before write off Attempts: 0 of 15 used SAVE Fol LATER SUBMIT
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
