S5B-16 Journalizing closing entries-periodic inventory system D & B Printing Supplies's accounting records include the following accounts at
December 31, 2018.
Purchases
$ 193,200 Accumulated Depreciation-Building $ 22,000
Accounts Payable
7,800 Cash
21,700
Rent Expense
8,500 Sales Revenue
296,100
Building
44,100 Depreciation Expense-Building 4,500
Common Stock
58,000 Dividends
29,400
Retained Earnings
4,100 Interest Expense
2,600
Merchandise Inventory, Beginning 120,000 Merchandise Inventory, Ending 103,100
Notes Payable
12,100 Purchase Returns and Allowances 21,200
Purchase Discounts
2,700
Requirements
1. Journalize the required closing entries for D & B Printing Supplies assuming that
D & B uses the periodic inventory system.
2. Determine the ending balance in the Retained Earnings account.

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?