Refer to the information in Exercise 9-5 to complete the following requirements. a....

Refer to the information in Exercise 9-5 to complete the following requirements.

a. On February 1 of the next period, the company determined that $950 in customer accounts is

uncollectible; specifically, $200 for Laguna Co. and $750 for Malibu Co. Prepare the journal entry

to write off those accounts.

b. On June 5 of that next period, the company unexpectedly received a $200 payment on a customer

account, Laguna Company, that had previously been written off in part a. Prepare the entries necessary

to reinstate the account and to record the cash received.

Paloma Company estimates uncollectible accounts using the allowance method at December 31. It prepared

the following aging of receivables analysis.

a. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable

method.

b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the

unadjusted balance in the Allowance for Doubtful Accounts is a $300 debit.

c. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the

unadjusted balance in the Allowance for Doubtful Accounts is a $200 credit.