Reference no: EM132659128

On Sep 30 hilly mountain party planners had a $35000 balance in accounts receivable and a $2300 credit balance in allowance for uncollectible accounts. during October the store made credit sales of $163000. October collections on account were $142000 and write-offs uncollectible receivables totaled 3200. the required allowance at year end is calculated to be 4500

required

Question 1: Journalize sales, collections, write-offs for uncollectible and uncollectible-account-expense by the allowance method during October

Question 2: Show the ending balances in accounts receivable, allowance for uncollectible accounts and net accounts receivable at October 31. how much does the store expect to collect?

Question 3: How how the store will reports accounts receivable on its oct 31 balance sheet