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5. The Chowdhury Landscaping Company uses the balance sheet method to determine bad debts. The ageing schedule at December 31, 2015 is: Number of Days

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5. The Chowdhury Landscaping Company uses the balance sheet method to determine bad debts. The ageing schedule at December 31, 2015 is: Number of Days Outstanding Total 0-30 31-60 61-90 90-120 > 120 Accounts Receivable 20,000 5,000 6.000 2,500 6,000 39,500 Estimated % Uncollectible 2% 3% 6% 12% 25% Estimated Bad Debts Calculate the total estimated bad debts. b. If the balance in the Allowance for Doubtful Accounts account is $2,000, record the journal entry to adjust for the bad debts at December 31, 2015. a. Question 5 (a) chart and found on Sheet2 Question 5 (b). fx Question 5. . B . Question 5. (a) Total Ageing of Accounts Receivable Number of Days Outstanding 0-30 90-120 Over 120 20,000 5.000 6,000 2,500 6,000 2% 3% 6% 12% 25% 31-60 61-90 2 3 4 5 6 7 8 9 10 11 12 13 Accounts Receivable Estimated % Uncollectable Estimated Bad Debts 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 42 43 45 46. 47 48 49 50 51

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