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Score: 0 of 4 pts 4 of 9 (2 complete) HW Score: 14.19%, 3.55 of 25 pts E5-19A (similar to) Question Help On April 30. Special Party Planners had a $36,000 balance in Accounts Receivable and a $3,823 credit balance in Allowance for Uncollectible Accounts. During May. Special made credit sales of $199,000. May collections on account were $166,000, and write-offs of uncollectible receivables totaled $2,860. Uncollectible-accounts expense is estimated as 2% of credit sales. No sales returns are expected. Ignore cost of goods sold. Read the requirements Date Debit Requirement 1. Journalize salos, collections, write-offs of uncollectibles, and uncollectible-account expense by the allowance method during May. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Begin by recording the journal entry for May sales. Journal Entry Requirements Accounts Cred (a) 1. Journalize sales, collections, write-offs of uncollectibles, and uncollectible-account expense by the allowance method during May. Explanations are not required. 2. Show the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and Not Accounts Receivable at May 31. How much does Special expect to collect? 3. Show how Special Party Planners will report accounts receivable and net sales on its May 31 balance sheet and income statement for the month ended May 31 Print Done Choose from any list or enter any number in the input fields and then click Check 8 parts remaining Clear All Check

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