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Accounts Receivable unadjusted ending balance was $210,000. A4DA beginning balance was $5,000. Adjusting entries included a write off for a $10,000. After adjusting entries an
Accounts Receivable unadjusted ending balance was $210,000. A4DA beginning balance was $5,000. Adjusting entries included a write off for a $10,000. After adjusting entries an examination of the Accounts Receivable suggested that 20% of the adjusted balance is current with an expected uncollectible rate of 1%. 40% of the adjusted balance is past due with an expected uncollectible rate of 5%. The remaining adjusted balance is severely past due and has an uncollectible rate of 10%. Prepare adjusting entries for bad debt and write-offs.
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