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Accounts Receivable - Prepare Journal Entries Allowance for Doubtful Accounts 2 Transactions 9000 3/ w/o AIR Jones 5000 slow/o AIR Smith $3000 / w/o A/R
Accounts Receivable - Prepare Journal Entries Allowance for Doubtful Accounts 2 Transactions 9000 3/ w/o AIR Jones 5000 slow/o AIR Smith $3000 / w/o A/R Baker $2500 Collect #1250 from Baker 12/31 Provide adf 3/E for Bad Debts. AGIN AIR over Name TOT A/R Current 1-30 31-60 60 A 12,000 10000 2,000 B 8,000 4,000 2,000 2,000 C 15,000 8,000 4,000 2,000 1,000 > 5,000 3800 2,000 thus 100,000 90,000 5000- 3000 1,000 140,000 % of Uncollectib. 1.ty 2% 10% 20% 40% + EST Bad Debts Pat B What would the year-end adjusting journal entry be given the following Allow for D'AC 375 Date Account Titles & Explanation GENERAL JOURNAL Ref. Debit Page J1 Credit T Aging of Accounts Recievable Schedule 12/31/2 Name Total A/R Current Days Past Due 1-30 31-60 Over 60 A B C D Others Total % of Uncollectability Estimated Bad Debts Part b- see the bottom of the graded homework problem Based on the completed Aging Schedule and a credit balance of 375 in the Allowance, determine the amount of the Adjusting J/E Allow for Doubtful Accts 375 12/31/02 ADJ J/E Desired Balance
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