$TC(A)=500000300*Q=3000$

$TC(B)=750*00200*Q=1000$

$TC(C)=900\mathrm{.}000100*Q=$

$T_{CB}=T_C$

$750\mathrm{.}000200.Q=900\mathrm{.}00100.Q$

$100Q=150\mathrm{.}000$

$Q=1500$ Lnits

$(1)\frac{?}{\text{b}\text{a}\text{r}}(xC{)}_A^0=T_B$

$T_{CA}=T_C$

$TC(A)=500000300*Q=3000$

$TC(B)=750*00200*Q=1000$

$TC(C)=900\mathrm{.}000100*Q=$

$T_{CB}=T_C$

$750\mathrm{.}000200.Q=900\mathrm{.}00100.Q$

$100Q=150\mathrm{.}000$

$Q=1500$ Lnits

$(1)\frac{?}{\text{b}\text{a}\text{r}}(xC{)}_A^0=T_B$

$T_{CA}=T_C$

$TC(A)=500000300*Q=3000$

$TC(B)=750*00200*Q=1000$

$TC(C)=900\mathrm{.}000100*Q=$

$T_{CB}=T_C$

$750\mathrm{.}000200.Q=900\mathrm{.}00100.Q$

$100Q=150\mathrm{.}000$

$Q=1500$ Lnits

$(1)\frac{?}{\text{b}\text{a}\text{r}}(xC{)}_A^0=T_B$

$T_{CA}=T_C$

Shine King Cleaning uses the allowance method to estimate bad debts. Consider the following January transactions for Shine King:

$($Click the icon to view the January $2018$ transactions.$)$

$($Click the icon to view selected account balances at December $31,2017.)$

Read the requirements.

Requirement $1.$ Prepare all required journal entries for Shine King: $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Jan. $1$: Performed cleaning service for Delia's D $-$ list for $$11,000$ on account with terms $\frac{1}{10},\frac{n}{20}.$

Requirements

Prepare all required journal entries for$\_$Shine King.

Show how net accounts receivable would be reported on the balance sheet as of January $31,2018.$

More info

Jan. $1$ Performed cleaning service for Delia's D $-$ list for $$11,000$ on account with terms $1/10,\frac{n}{20}.$

$10$ Borrowed money from Dollar Sign Bank, $$35,000,$ making a $180$ day, $10\%$ note.

$12$ After discussions with Miami Rag Tag, Shine King has determined that $$240$ of the receivable owed will not be collected. Wrote off this portion of the receivable.

$15$ Sold goods to Wilmington for $$3,000$ on terms $\frac{1}{10},\frac{n}{30}.$ Cost of Goods Sold was $$600.$

$28$ Sold goods to Lindsay Company for cash of $$1,500($cost $$300).$

$28$ Collected from Miami Rag Tag, $$240$ of receivable previously written off.

$29$ Paid cash for utilities of $$550.$

$31$ Created an aging schedule for Shine King for accounts receivable. Shine King determined that $$6,000$ of receivables were $3\%$ uncollectible, $$3,000$ of receivables were $15\%$ uncollectible, and $$5,960$ of receivables were $40\%$ uncollectible. Shine King determined the total amount of estimated uncollectible receivables and adjusted the Allowance for Bad Debts assuming a credit balance of $$290$ in the account. $($Round to the nearest whole dollar.$)$

Reference

$\backslash$table$[[$Accounts Receivable $*,$$$,1,200],[$Allowance for Bad Debts $($assumed balance$),290,],[*$ Balance due from Miami Rag Tag,,$]]$

Balance due from Miami Rag Tag

$1$

$$