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can someone help me with journal entry with the following entries? Prepare journal entries for the following: Beginning Balance in Accounts Receivable: 12,000 Beginning Balance in Allowance: credit of 1,000

can someone help me with journal entry with the following entries? Prepare journal entries for the following: Beginning Balance in Accounts Receivable: 12,000 Beginning Balance in Allowance: credit of 1,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 9PB: Prepare journal entries to record the following transactions. Create a T-account for Cash, post any...
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can someone help me with journal entry with the following entries?

Prepare journal entries for the following:

Beginning Balance in Accounts Receivable: 12,000

Beginning Balance in Allowance: credit of 1,000

On March 31, customers were billed $25,000.
On June 15, cash collections from transaction (a) totaled $20,000.
On 10/31, a customer balance of $1500 from a prior year was written off.
On 12/15, a customer paid an old balance of $900 that had been written off in a previous year.
On 12/31, bad debts were estimated at 2% of credit sales.
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