1. Assume that Fan-Tastic Sports Gear Inc. will be using the allowance mathod this year....
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1. Assume that Fan-Tastic Sports Gear Inc. will be using the allowance mathod this year. Select any items() from the following list that should be added to the existing chart of accounts. Chack all that apply Net Realizable Value of Receivables Allowance for Doubtful Accounts Total Credit Sales Estimate for Uncollectible Accounts Balance of Aging Accounts 2. Finalize the journal entries shown on the Fan-Tastic Sports Gear Inc panel and make any necessary changes. Refer to the Cart of Accounts for the exact wording of account ticles. You may also use any items from the preceding list shown in (), if needed. PAGE 11 ACCOUNTING EQUATION POST REF DEEIT CREDIT ASSETSLIAEILITES EQUITY 1. Assume that Fan-Tastic Sports Gear Inc. will be using the allowance mathod this year. Select any items() from the following list that should be added to the existing chart of accounts. Chack all that apply Net Realizable Value of Receivables Allowance for Doubtful Accounts Total Credit Sales Estimate for Uncollectible Accounts Balance of Aging Accounts 2. Finalize the journal entries shown on the Fan-Tastic Sports Gear Inc panel and make any necessary changes. Refer to the Cart of Accounts for the exact wording of account ticles. You may also use any items from the preceding list shown in (), if needed. PAGE 11 ACCOUNTING EQUATION POST REF DEEIT CREDIT ASSETSLIAEILITES EQUITY
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