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2. If the Jones Company estimated their uncollectible receivables based on an aging of accounts receivable and the aging schedule calculates the estimated uncollectible
2. If the Jones Company estimated their uncollectible receivables based on an aging of accounts receivable and the aging schedule calculates the estimated uncollectible receivables to be $78,000. The AFDA's unadjusted balance is $22,000 debit. a. Journalize the adjusting entry that would be needed at year end. (4 pts) Date Details Dr. Cr. Journal b. How much will be the adjusted balance in the AFDA? (1 pt). How did you determine your answer? (2 pts) c. How much should be reported as Bad Debt Expense on the income statement for the year? (2 pts)
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
