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$190,000 Alowance for Doubt and that 144,000 will be ch Aging Method On January 1, Hungryman Inc. has the following balances for accounts receivable and
$190,000 Alowance for Doubt and that 144,000 will be ch Aging Method On January 1, Hungryman Inc. has the following balances for accounts receivable and allowance for doubtfid accounts: Accounts Receivable $190,000 Allowance for Doubtful Accounts (a credit balance) 36,100 During the year, Hungryman had $1,000,000 of credit sales, collected $594,000 of accounts receivable, and wrote aff $33,200 of accounts receivable a colectible. At year end, Hungryman performs an aging of its rem and estimates that $44,000 will be uncollectible Required: 1. Calculate Hungryman's preadjustment balants receivable on December 31. 2. Calculate Hungryman's preadjustment balance in allowance for doubthd accounts on December 31. 3. Prepare the necessary adjusting entry for the year. If an amount box does not require an entry leave t 188
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