Return to Blackboard Kieso, Intermediate Accounting, 16e CALCULATOR PRINTER VERSION BACX NEXT OURCESProblem 7-6 ork The balance sheet of Teal Company at December 31, 2016, includes the following Notes receivable Accounts receivable Less: Allowance for doubtful accounts $36,600 182,400 21,100 197,900 7-6 Transactions in 2017 include the following. 1. Accounts receivable of $150,500 were collected including accounts of $60,200 on which 3% Part Levelsales discounts were allowed. 2. $5,580 was received in payment of an account which was written off the books as worthless in 2016. 3. Customer accounts of $21,300 were written off during the year 4. At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $25,800. This estimate is based on an analysis of aged accounts receivable ults hy Stude Prepare all journal entries necessary to reflect the transactions above. (I no entry is required, select "No Entry" for the account tihles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit MacBook Air 3 4 ba Coinbase -Buyis.. Old Point National.WebcoMw 20 Course Home Return to Blackboard Kleso, Intermediate Accounting, 16e Helo l CALCULATOR PRINTER VERSION BACK NEXT OURCES 1 b2/Putin, k (To reinstate te accounts receivable) (To record the collection on account) 3. TO TEKY Question Attempts: O of 3 used SAVE FOR LATER MacBook Air 2 4 9