Delcom had total accounts receivable on December 31, 2014, of $160,000 aged as follows: Prepare the December

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Delcom had total accounts receivable on December 31, 2014, of $160,000 aged as follows:

Prepare the December 31, 2014, adjusting entry to estimate uncollectible accounts receivable assuming an unadjusted credit balance in Allowance for Doubtful Accounts of $800.

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Fundamental Accounting Principles

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Question Posted: Mar 08, 2016 08:06 AM

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Delcom had total accounts receivable on December 31, 2014, of $160,000 aged as follows: Prepare the December

Question:

December 31, 2014 Accounts Receivable Age of Accounts Expected Percentage Uncollectible Receivable $110,000 Not due (under 45 days) 2% 5% 40% 1 to 30 days past due 40,000 10,000 Over 30 days past due

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