(Solved): Allowance for Uncollectible Accounts Requirement 2. Prepare a T-account for Allowance for Uncollec ...

Allowance for Uncollectible Accounts Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from Requirement 1 to that account. Open the T-account by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts T-account and calculate the ending balance. Allowance for Uncollectible Accounts More info Nov 30 Dec 31 Data table 12,830 At September 30, 2022: Accounts Receivable Allowance for Uncollectible Accounts Print $ Wrote off as uncollectible the $1,400 account receivable from Blue Carpets and the $300 account receivable from Good Antiques. Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Done 250,000 (8,300) X X Data table Accounts Receivable and aging schedule to be used at December 31, 2022 Age of Accounts Accounts Receivable $236,000 Estimated percent uncollectible Requirements 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 10,000 $ 135,000 $ 0.2% 43,000 $ 2% 48,000 35% 15% 1. Record the transactions for the last quarter of 2022 in the journal. Explanations are not required. 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account. 3. Show how Perfecto Communications will report its accounts receivable in a comparative balance sheet for 2021 and 2022. (Use the three-line reporting format.) At December 31, 2021, the company's Accounts Receivable balance was $210,000, and the Allowance for Uncollectible Accounts stood at $4,800 credit balance. (Be sure to use the December 31, 2022 aging schedule given in the problem data.) Print Done X X