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can you please fill in the journal entries Barbersol Barbering Partners uses the...

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Accounting

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can you please fill in the journal entries
Barbersol Barbering Partners uses the aging method for its accounts receivatie. On January 1, the balance in the allowance for doubtul accounts was $25,000. For the year, Barbersol 8artenng Partners made $2,560.000 of credit salos, wrote off $60,000 of accounts as uncotectible, and $838.000 remained outstanding ot yoar-end. The following table is the aging ichedufa for these recolvables. (Click the icon to view further information.) Reavired Requirement a. Fecord the joumal entries relating to the factorng tranaction. (Enter all the data into the journal entries before checking your work) To start, we will record the tactored amount of the recelvable by recoeding the cosh received and the holdtback More info Duing the year, Babersol Bartenng Parnen factored 5620.000 of its receivables wh recourse. The compary received $350,000, net of a holdback of $20,000 for potertialy uncolectible accounts. Of the tobal amount factored $1002,090 was celiected, and the factor made a frat poyment to flarbenol for bethy Parvers for $2,000

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