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Accounting

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The September 30, 2017, records of First Data Communications include these accounts Accounts Receivable Allowance for Doubtful Accounts D ing the year, First Data Comm $ 248,000 (8,100) cations estimates douttt account o pense at f% or aedt sales A year end (December 31, s e co pir e een During the last quarter of 2017, the company completed the tollowing selected transactions (Click the icon to view the transactions) Read the tsquirements Requirement 1. Record the transactions for the last quarter of 2017 in the journal Explanations are not required (Record debis first, then credits Exctude explarn Wrote off as uncollectible the $1,200 account receivable from Cheap Carpets and the $500 account recelvable from Old Timer Antiques (Click the icon to view the aging schedule) Journal Entry Date Accounts Debit Credit Now 30l Adjusted the Allowance for Doubtul Accounts and recorded doubtlu-account expense at year end, based on the aging of receivables Journal Entry Date Debit Credit Dec 31 Requirement 2. Prepare a T-account for Alowance for Douibttul Accounts with the appropniate beginning balances. Post the entries from Requirement 1 to mat account Open the T-account by posting the beginning balance. Then post the entries to the Alowance for Doubtitul Accounts T-account and calculate the ending balanose Allowance for Doubttul Accounts Choose from any list or enter any number in the input fields and then continus to the next

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