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1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. 2. Make the adjusting entry to record Bad Debts Expense
1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. 2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts receivables method. 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts receivables method. 4. Based on further analysis, assume we find that the percentages in the graphic "Percent Uncollectible by Age" are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Complete this question by entering your answers in the tabs below. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. Percent Uncollectible by Age Makeup of Total Sales Keep Only Exclude Over 90 days past due: 68% Credit Sales Percent Uncollectible by Accounts Credit Sales Accounts Receivable 1% 5% +abeau K0[] Makeup of Total Sales Percent Uncollectible by Accounts Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Makeup of Total Sales Percent Uncollectible by Accounts 1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts recelvable. 2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credlt and use of the aging of accounts recelvables method. 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 deblt and use of the aging of accounts recelvables method. 4. Based on further analysis, assume we find that the percentages In the graphic "Percent Uncollectible by Age" are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Complete this question by entering your answers in the tabs below. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts receivables method. Journal entry worksheet Note: Enter debits before credits. Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makoi in of Cirront ccotc Percent Uncollectible by Age Makeup of Total Sales Credit Sales Percent Uncollectible by Accounts Credit Sales Accounts Receivable 1% 5% Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following ableau Dashboard for your company. Accounts Receivable (\$) Percent Uncollectible by Age Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makoi in of Cirront ccotc 1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts recelvable. 2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts recelvables method. 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts recelvables method. 4. Based on further analysis, assume we find that the percentages In the graphic "Percent Uncollectlble by Age" are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Complete this question by entering your answers in the tabs below. Based on further analysis, assume we find that the percentages in the graphic "Percent Uncollectible by Age" are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Makeup of Total Sales Percent Uncollectible by Accounts Tableau DA 7-3 (Static): Mini-Case, Aging of receivables method and adjusting entries LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets 1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts recelvable. 2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance In the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts recelvables method. 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts recelvables method. 4. Based on further analysis, assume we find that the percentages In the graphic "Percent Uncollectible by Age" are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Complete this question by entering your answers in the tabs below. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts receivables method. Journal entry worksheet Note: Enter debits before credits
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