ASTZ240,70 Question 27 of 30 -16.5 View Poliches Current Attempt in Progress The following information relates to Kingbird ones accounts receivable for the 2020 focal year An agire schedule of the accounts receivable at December 31, 2020. as follows: 1. Age Net Derbit Balance to Be Applied after Write-offis Made Under 6 days $170.000 61.90 days 135.000 6 91-120 days 36.000 Over 120 days 20.000 $4.000 definitely uncollectie 20% of remainder is estimated uncollectible $361.000 2 "The 52.600 write off of receivables (see item 4 below is related to the 91-120 day category The Accounts Receivable control account osadebit balance of $361.000 on December 31, 2020 2. Two entries were made in the Bad Debt Experise count during the year (tia debit an December 31 for the amount created to Allowance for Doubtful Accounts, and (2acredit for $2.600 on November 2000 and debt to Allowance for ou Accounts because of a bankruptcy ows for 2020 the amount created to 2600 on November 3, 2020 and a debit to Allowance for Doubthul Mccounts because of a bankruptcy. Allowance for Doubtful Accounts is as follows for 2020 4 Allowance for Doubtful Accounts 11/3 Uncollectible accounts written ott 2.600 1/1 Beginning balance 12/31 4% of $361.000 8.750 14440 5. There is a credit balance in Accounts Receivable 161-90 day) of 54,800, which representan atverice on a les contrat Assuming that the books have not been closed for 2020, make the necessary correcting entries. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. W no entry is required, select "No Entry" for the account titles and enter Oter amounts.) Debit Credit Account Titles and Explanation for account written of ./6.5 E Assuming that the books have not been closed for 2020, make the necessary correcting entries. (Credit account titles are automatically Indented when amount is entered Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit (To correct entry for account written off) (To correct entry for advance on sales contract) (To record uncollectible account) Question 27 of 30 ./6.5 Indented when amount is entered. Do not indent manually. If no entry is required lect"Ne Entry for the account tendente amounts. Account Titles and Explanation Debit Credit To correct entry for account written of To correct entry for advance on sales contract) (to record uncollectible account To adjust allowance to year-end computed balance
