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A company has an account receivable of 80,000, at December 31, 2015 The company estimates uncollectible accounts based on aging of account receivable as shown
A company has an account receivable of 80,000, at December 31, 2015 The company estimates uncollectible accounts based on aging of account receivable as shown below.
has Ace Recce sheed A Hechte EP Lowe SEO Age Groep Nor yet de 0-30 days past de 31-90 days past de More than 90 days past de Total 18.000 IN 10.000 40 4000 50.000 Resired A) Calculate the amount of Uncollectible.Receivable December 31, 2015 B) Calculate the Net Realizable Value of accounts receivable on December 31.2015 C) Prepare the adjustment to the Bad. Detts Expense and the allowance for Uncollectible Accessiven the following scenarios (MAKE SURE TO PROVIDE THE JOURNAL ENTRIES BELOW AND SHOW YOUR WORK a) If the Allowance for Uncollectible Accounts -- 50. b) If the Allowance for Uncollectible Accounts - $1,100 (credit). c) If the Allowance for Uncollectible Accounts = $400 (debit) Step by Step Solution
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