Skipper Map Company's balance sheet at Decembe 31, 2023, reported the following B Click the icon to itw the data) Read the requirements Requirement 1. How much of the receivables did Skipper expect to collect? Stated differently, what was the net realizable value of these receivables? The net realizable value of theso receivables i 547,500 Requirement 2. Journalzo, without explanations 2024 entries for Skipper and post to the Accounts Receivable and Allowance for Bad Debts T-accounts. Begin with the journal entries (Record debits first, then credits Exclude explanations from journal entries.) a. Total credit sales for 2024 were $150,000 (ignore Cost of Goods Sold) Data table Date Accounts and Explanation 2024 Accounts Receivable (a) Accounts Receivable 150.000 Lass: Allowance for bad debts Sales Revenue 150.000 Debit Credit 5 50.000 2,500 Print Done b. Skipper recolved cash payments on account during 2024 of $120,000 Date Accounts and explanation Debit Credit 2024 120,000 (6) Cash Accounts Receivable 120,000 Skipper Map Company's balance sheet at December 31, 2023, reported the following: (Click the icon to view the data) Read the requirements c. Accounts receivable identified to be uncollectible totaled $10.500. Accounts and Explanation Debit Date Credit 2024 (c) 10,500 Allowance for Bad Debts Accounts Receivable 10.500 Post to the Accounts Receivable and Allowance for Bad Debts T-accounts. The opening balances, as provided in the question, have been entored for you. Post the current year transactions you recorded above to these two accounts using the corresponding letters (a, b, c) as posting references Aher posting, calculate the unadjusted balance of each account by selecting an "Unad. Bal posting reference and entering the unadjusted balance on the appropriate side of each account Review the journal entries you prepared above Accounts Receivable Allowance for Bad Debts Jan 1, 2024, Bal . 80,000 120.000 (b) (C) 10,500 2.600 Jan 1, 2024, Ba 160.000 10.000 Unad 60.500 Unad 1.000 Requirements. Record the adjusting entry to recognize bad debts expense using the following independent situations, and then post to the Bad Debts Dense and Allowance for Bad Debts T-accounts 6% of credt sales were estimated to be uncollectible. Begin by recording the adjusting entry to recognize bad debts expense. (Record debito frut, then credits. Exclude explanationa wwwwww Www Debts T-accounts 1.6% of credit sales were estimated to be uncollectible. Begin by recording the adjusting entry to recognize bad debts expense. (Racord debits first, then credits. Exclude explanations from journal entries.) Date Accounts and Explanation Debit Credit 2024 Dec. 31 9,000 Bad Debts Expense Allowance for Bad Debts 9,000 a. 6% of credit salos were estimated to be uncolectible Enter the unadjusted balance of the Allowance for Bad Debts account from Requirement 2, along with an Uradj. Bal" posting reference to the first line of the Allowance for Bad Debts Taccount. Pout the adjusting entry from the preceding step to the Allowance for Bod Debts and Bad Detta Expense T-accounts along with an "Adiposting reference for posting the entry, calculate the adjusted balance of the Taccounts and enter the adjusted balance, along with a "Dec 31, 2024, Bal* posting reference to the appropriate side of each account, Ravinw the allowance Taccount that you posted to in Requirement 2 Allowance for Bad Debts Bad Debts Expense Unad, Bal 8,000 Adi Dec 31, 2024, Bal