The following accounts receivable information pertains to Marshall Inc. Determine the estimated uncollectible bad debt from Marshall

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The following accounts receivable information pertains to Marshall Inc.

Determine the estimated uncollectible bad debt from Marshall Inc. using the balance sheet aging of receivables method, and record the year-end adjusting journal entry for bad debt.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 15, 2022 02:24 AM

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The following accounts receivable information pertains to Marshall Inc. Determine the estimated uncollectible bad debt from Marshall

Question:

Past-Due Category 0-30 days 31-90 days Over 90 days Accounts Receivable Total $84,550 32,230 22,170 Percentage Uncollectible 8% 16% 37%

Step by Step Answer:

Bad debt expense 84550 X 8 32230 ...View the full answer

Principles Of Accounting Volume 1 Financial Accounting

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