Answer: Please see below for no1
2)Valley’s balance of Accounts Receivable at May 31, 2018= $24,900
Explanation:
1. journal to record Valley’s write-off of the uncollectible receivables using the direct write-off method
The direct write off method is a method to account for bad debt that cannot be recovered from clients Here, the Bad Debts Expense account is debited while Accounts Receivable is credited.
Date Account Debit Credit
May 31 2018 Bad debt expense $1,100
Accounts receivable $1,100
2.Valley’s balance of Accounts Receivable at May 31, 2018
Accounts and explanation Amount
Beginning balance on Accounts receivable $19,000
Earned revenue on Account +$22,000
Total amounts receivable $41,000
collected from clients -$15,000
Amount written off -$1, 100
Ending Balance of Account Receivable $24,900
at May 31st 2018
