* Week 4: Homework * M McGraw Hill - Connect x M Question 7 - Week 4: Homework x M McGraw Hill - Connect M C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%2 Week 4: Homework i Saved Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 $259, 090 Part 2 of 3 Accounts Receivable, December 31, 2021 54 , 000 Allowance for Uncollectible Accounts, December 31, 2021 1 ,000 ( Credit ) points 2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method. Suzuki estimates 2% of credit Skipped sales will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Book View transaction list Hint Journal entry worksheet Ask Record the adjusting entry for Uncollectible Accounts. Print Note: Enter debits before credits. References Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal Type here to search DELLWeek 4: Homework x M McGraw Hill - Connect * M Question 6 - Week 4: Homework X M McGraw Hill - Connect - C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrappe Week 4: Homework i Saved 6 Required information Part 1 of 3 [The following information applies to the questions displayed below.] Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). joints Credit Sales for 2021 $259, 090 Accounts Receivable, December 31, 2021 54 , 000 Allowance for Uncollectible Accounts, December 31, 2021 1, 000 (Credit) e Book Required: Hint 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method. Suzuki estimates 10% of receivables will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Ask View transaction list Print Journal entry worksheet eference Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Bad Debt Expense grav Type here to search DELLACE THE INCLUSIVE PLACE Week 4: Homework x |M McGraw Hill - Connect x M Question 8 - Week 4: Homework x M McGraw Hill - Connect X M - C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%25 Week 4: Homework i Saved 8 Required information Part 3 of 3 [The following information applies to the questions displayed below.] Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). points Credit Sales for 2021 $259, 000 Accounts Receivable, December 31, 2021 54 , 600 Skipped Allowance for Uncollectible Accounts, December 31, 2021 1,000 (Credit) Book 3. Calculate the effect on net income (before taxes) and total assets in 2021 for each method. Suzuki estimates 10% of receivables and 2% of credit sales respectively will not be collected. Hint Percentage of Receivables Method Percentage of Credit Sales Method Total assets Ask Net income Print References 4 Grav Type here to search b DELLWeek 4: Homework x M McGraw Hill - Connect M Question 7 - Week 4: Homework x M McGraw Hill - Connect X M C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%25 Week 4: Homework i Saved Required information Part 2 of 3 [The following information applies to the questions displayed below.] Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). points Credit Sales for 2021 $259, 000 Accounts Receivable, December 31, 2021 54 , 000 Skipped Allowance for Uncollectible Accounts, December 31, 2021 1,000 (Credit) Book 2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method. Suzuki estimates 2% of credit sales will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Hint View transaction list Ask Journal entry worksheet Print 1 References Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Type here to search b DELL