intermediate accounting 494746

The following information pertains to Mountain High Campers. reported accounts receivable and allowance for uncollectible accounts balances of 486,000 and 220 (cr) respectively, at Dec. 31, 2012. During 2013, Mountain High’s credit sales and collections were 415,000 and 519,000 respectively, and 3,200 in bad accounts were written off. or use T accounts to support your answer). is_________. December 31, 2012, of 120 (dr). estimates bad debts to be 3000. Using the relevant data from Part A, answer the same 4 questions. High had used the direct write-off method of accounting for uncollectible accounts. A. Mountain High Campers estimates bad debt expense at 3/5% of credit sales. The company 1. Prepare the adjusting entry to record bad debt expense for 2013 (show supporting calculations 2 . Mountain High’s accounts receivable at December 31, 2013, are________________. 3. Mountain High’s adjusted allowance for uncollectible accounts at December 31, 2013, 4. How would the amount in A1 differ if the allowance account had an ending balance on C. Prepare a summary journal entry (all bad accounts written off in a single entry) if Mountain B. Mountain High estimates bad debts on an analysis of receivables. An aging schedule I only need calculations where it asks for it, on the others, only the answer is required. ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????