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At December 31, 2021, Blossom Imports reported this information on its balance sheet. ...

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Accounting

At December 31, 2021, Blossom Imports reported this information on its balance sheet.

Attached is the completed journal, I just need help with the balanced in Accounts Receivable and Allowance for Doubtful Accounts (I don't understand what numbers go on the right or left so if you could clarify that'd be insanely helpful)

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At December 31,2021 , Blossom Imports reported this information on its balance sheet. During 2022, the company had the following transactions related to receivables. Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) No. Account Titles and Explanation 1. Accounts Receivable Sales Revenue 2. Sales Returns and Allowances Accounts Receivable 3. Cash Accounts Receivable 4. Allowance for Doubtful Accounts Accounts Receivable 5. Accounts Receivable Allowance for Doubtful Accounts (To reinstate account previously written off) Cash Accounts Receivable (To record collection of accounts receivable) Debit 2910000 69300 2610000 Credit

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