Question: Uncollectible Receivables, Using Allowance Method Illustrate the effects on the accounts and financial statements of the following transactions in the accounts of Kitchen Depot Company,


Uncollectible Receivables, Using Allowance Method Illustrate the effects on the accounts and financial statements of the following transactions in the accounts of Kitchen Depot Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. July 2. Received $25,500 on an account. Balance Sheet Assets Liabilities Stockholders' Equity July. 3. Income Statement Statement of Cash Flows July 3. Wrote off the remaining $61,815 owed on account as uncollectible Balance Sheet Liabilities Stockholders' Equity Assets July. 3. diance sneer Assets Liabilities + Stockholders' Equity July. 3. Statement of Cash Flows Income Statement d. 8. Reinstated the account that had been written off on July 3. (Do not record the collection of cash yet.) Balance Sheet Assets Liabilities Stockholders' Equity Oct. 8. Statement of Cash Flows Income Statement OC B Recelved $61,815 cash in full payment for the reinstated account Balance Sheet Assets Liabilities Stockholders' Equity Statement of Cash Flows Income Statement . Reinstated the account that had been written off on July 3. (Do not record the collection of cash yet.) Balance Sheet Assets Liabilities + Stockholders' Equity Oct. 8. Statement of Cash Flows Income Statement B. Received $61,815 cash in full payment for the reinstated account. R Balance Sheet Assets Liabilities + Stockholders Equity + Oct. 8. Statement of Cash Flows Income Statement My Work mong Chemodusere in Previous
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