Please answer the 4 questions below for my introduction to financial accounting

Question

Please answer the 4 questions below for my introduction to financial accounting class

Birch Foods, Inc., experienced the following revenue and accounts receivable write-offs click the icon to view the revenue and accounts receivable write-off information. Suppose Birch estimates that 4% of (gross) revenues will become uncollectible. Assume all revenues are on credit. Read the requirement. Begin by preparing the journal entry for service revenue for the month of March. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Credit Mar Now, prepare the journal entry for uncollectible expense for the month of March. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Debit Credit Mar

Explanation / Answer

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Solution 2:

Note: As mutiple questions are posted, i have answered more than required question as per chegg policy, kindly post separate question for answer of remaining questions.

Further information of near company is also missing in 3rd question.

Journal Entries - Birch Date Particulars Debit Credit Mar Accounts receivables Dr $3,600.00           To Service revenue $3,600.00 (To record service revenue for march) Mar Bad debts expense Dr ($3,600*4%) $144.00           To Allowance for doubtful accounts $144.00 (To record bad debts provision) Mar Allowance for doubtful accounts Dr $133.00           To Accounts receivables $133.00 (To record write off receivables for march)

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