Examine the following information about Weyakwin Inc. (Weyakwin): i. Ending balance in allowance for uncollectible accounts on

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Examine the following information about Weyakwin Inc. (Weyakwin):
i. Ending balance in allowance for uncollectible accounts on April 30, 2017? $67,800 (credit balance).
ii. Accounts receivable written off during the year ended April 30, 2018?$58,000.
iii. Aging schedule for accounts receivable outstanding on April 30, 2018:


Examine the following information about Weyakwin Inc. (Weyakwin): i. Ending

Required:
a. What amount of closing accounts receivable is estimated to be uncollectible on April 30, 2018?
b. Prepare the journal entry required to record the bad debt expense for Weyakwin for the year ended April 30, 2018.
c. What are some possible explanations for the change in the allowance account be tween April 30, 2017 and April 30, 2018?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Aging Schedule
Aging schedule is an accounting table that shows a company’s account receivables. It is an summarized presentation of accounts receivable into a separate time brackets that the rank received based upon the days due or the days past due. Generally...
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