13 P 83 D 0 2 Question 3 Accounts Receivable Analysis (10 Marks) The following information is available for Yee Wholesalers Corporation about the age of its receivables at December 31, its year end: Number of days outstanding Accounts receivable Estimated percentage uncollectible Estimated amount uncollectible C $ 5 Unadjusted credit balance in AFDA $ 0-30 1% 80,000 $ D 9 10 11 Part 1: Using the above aging schedule, determine the total estimated uncollectible accounts. 12 31-60 4,000 4% Part 2: (a) Assuming that Allowance for Doubtful Accounts has an unadjusted credit balance of $4,000, prepare the journal entry to record bad debts expense at December 31. List debits first, then credits. 90,000 $ 61-90 8% 20,000 $ over 90 10% 10,000 $ Formula Sheet. Total + 200,000

Part 1: Usins the above aging schedule, determine the total estimated uncollectible accounts. Part 2: (a) Assuming that Allowance for Doubtful Accounts has an unadjusted credit balance of $4,000, prepare the journal entry to record bad debts expense at December 31. List debits first, then credits. (D) Amuming that Alowance for Doubtul Accounts has an unadjusted debit balance of \$1,200, proppere the foumal entry to record bad debts expense at December 31. (c) Given your answer to part (b) above complete the balance sheet presentation for accounts recelvable. 10 10 fis It Uaing the above wins schedule, determine the total estimated uncollectible accounts. 1.) Rart 2 (a) Assuming that Allowance for Doubtul Accounts has an unadjusted credit balance of $4,000, 14. prepare the journal entry to record bad debts expense at December 31 . Ust debits first, then credits. (b) Assuming that Allowance for Doubtful Accounts has an unadjusted debir balance of $1,200, amaare the lournal entry to record bad debts expense at December 31