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--16 Question 19 View Policies Current Attempt in Progress Oriole Company has accounts receivable of $92.000 at March 31, 2017. Credit terms are 2/10, 1/30.
--16 Question 19 View Policies Current Attempt in Progress Oriole Company has accounts receivable of $92.000 at March 31, 2017. Credit terms are 2/10, 1/30. At March 31, 2017, there is a $1.949 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2017 2016 Current $61.400 $76,320 1-30 days past due 13.800 8.280 31-90 days past due Over 90 days past due 9.900 6,900 $92,000 2.170 1,040 $87,810 (a) Determine the total estimated uncollectibles. The total estimated uncollectibles $ List of Accounts (bl Prepare the adjusting entry at March 31, 2017 to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Credit Debit List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debt Expense Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expenses Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense
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