Required (a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2023. (b) Show the statement of financial position presentation of accounts receivable on December 31, 2023: (c) On March 4, before the write-off, assume the balance of Accounts Receivable account is $160,000 and the balance of Allowance for Doubtful Accounts is a credit of $4,000. Make the appropriate entry to record the write-off of the Shard account. Also show the statement of financial position presentation of accounts receivable before and after the write-off.

Winfrey Designs had an unadjusted credit balance in its Allowance for Doubtful Accounts at December 31, 2023, of $2,200 Required: a. Prepare the adjusting entry assuming that Winfrey estimates uncollectible accounts based on an aging analysis as follows. December 31, 2023 Accounts Receivable $148,000 43,000 10,000 2,400 View transaction list Journal entry worksheet < 1 Age of Accounts Receivable Not due (under 30 days) 1 to 30 days past due 31 to 60 days past due Over 60 days past due Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 3332 General Journal Expected Percentage Debit Uncollectible 1% 4% 10% 60% Credit ☆

18.   Tangier Company had a January 1, 2022, balance in Allowance for Doubtful Accounts of $7,000 Cr. The following events required journal entries during 2022:             Apr. 15   Diya’s account receivable of $5,700 was deemed uncollectible.             July 1    Nitosa paid the full amount of her previously written-off account receivable. The receivable of $2,300 had been written off in 2021.             Dec. 31   Bad debts expense was estimated to be 2.0 percent of net credit sales, which had amounted to $375,000.         What amount of Allowance for Doubtful Accounts should appear in the December 31, 2022 balance sheet?         a. $6,500         b. $11,100         c. $22,500         d. $17,900 e. None of the above.   19.   Nguyen Company had $250,000 of Accounts Receivable and a $7,500 credit balance in its Allowance for Doubtful Accounts account just prior to writing off a $2,000 uncollectible account of a customer. After the write-off, the carrying amount (NRV-Net Realizable…

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