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20 F 5. The following information pertains to Sydney Co.'s accounts receivable at December 31, 2021: Days outstanding 0-30 Estimated Percentage Uncollectible 31-60 61-90 Over
20 F 5. The following information pertains to Sydney Co.'s accounts receivable at December 31, 2021: Days outstanding 0-30 Estimated Percentage Uncollectible 31-60 61-90 Over 120 Amount $420,000 140,000 100,000 120,000 During 2021, Sydney Co. wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years. Sydney's December 31, 2020 allowance for uncollectible accounts was $40,000. Date Required a. Prepare all entries necessary regarding uncollectible accounts receivable for Sydney Co. for 2021. Sydney uses the aging method to estimate uncollectibles. You may use the form provided for your answer. (12 pts) Account 5% 10% 20% Debit Credit
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