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6 A summary of Klugman Company's December 31, 2024, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each
6 A summary of Klugman Company's December 31, 2024, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group: Age Group 0-60 days 61-90 days 91-120 days Over 120 days Amount $ 64,000 24,000 3,400 1,100 0.5 1.0 10.0 50.0 The allowance for uncollectible accounts had a balance of $1,440 on January 1, 2024. During the year, bad debts of $790 were written off. Required: Prepare all journal entries for 2024 with respect to bad debts and the allowance for uncollectible accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 2 Record the entry to write-off specific accounts. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit 6 A summary of Klugman Company's December 31, 2024, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group: Age Group 0-60 days 61-90 days 91-120 days Over 120 days Amount $ 64,000 24,000 0.5 1.0 3,400 1,100 10.0 50.0 The allowance for uncollectible accounts had a balance of $1,440 on January 1, 2024. During the year, bad debts of $790 were written off. Required: Prepare all journal entries for 2024 with respect to bad debts and the allowance for uncollectible accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet > 1 2 Record the entry for bad debt expense. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit
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