The December 31 Balance Sheet of Twin Peaks Inc includes the following for the company's receivables:...

 

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The December 31 Balance Sheet of Twin Peaks Inc includes the following for the company's receivables: Accounts receivable from customers Less: Allowance for doubtful accounts 20,000 $890,000 Required: Record the following events in the form of general journal entries: a. $11,800 in accounts receivable were written off as uncollectible. b. $1,400 of accounts written off was unexpectedly collected in full (use 2 entries to record these events). An aging of accounts receivable at January 31 indicated the need for a $22,000 allowance for doubtful accounts. You should consider also the above to calculate the balance of the Allowance a/c) C. Note: Show your calculations The December 31 Balance Sheet of Twin Peaks Inc includes the following for the company's receivables: Accounts receivable from customers Less: Allowance for doubtful accounts 20,000 $890,000 Required: Record the following events in the form of general journal entries: a. $11,800 in accounts receivable were written off as uncollectible. b. $1,400 of accounts written off was unexpectedly collected in full (use 2 entries to record these events). An aging of accounts receivable at January 31 indicated the need for a $22,000 allowance for doubtful accounts. You should consider also the above to calculate the balance of the Allowance a/c) C. Note: Show your calculations

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