At 30 November 2016, the Accounts receivable balance for EzyCard is $251000. The Allowance for doubtful debts has a $6690 credit balance. EzyCard prepares the following ageing schedule for its accountsreceivable:

Requirements

1.

Journalise theyear-end adjusting entry for bad debts on the basis of the ageing schedule. Show the allowanceT-account at 30 November 2016.

2.

Show how EzyCard will report Accounts receivable on its 30 November 2016 balance sheet.

Q: show the T-account allowance of doubtfull debts.

Q: Show how EzyCard will report its net Accounts receivable on its 30 November 2016 balance sheet.

First use the method that shows the allowance for doubtful accounts amount in the line item description.

A BACC2001 T2 - B2 2021: MyA X Take a Test - Maninder Kaur - X P Homework and Tests - Manin X A Business and Corporations La X 6 BigBlueButton - Business ) X + X C A mathxl.com/Student/PlayerTest.aspx?testld=235283970 . . . Introductory Accounting Maninder Kaur - & | 09/07/215:25 AM E - X Submit Quiz Ageing schedule At 30 No is accounts receivable: (Cli Age of accounts Require 1-30 31-60 61-90 Over 90 1. Jo 2. SH Accounts receivable days days days days $251 000 $ 120 000 $ 80 000 $ 45 000 $ 6 000 Estimated percentage bad 0.5% 3.0% 8.0% 46% Less Adjus Now pre Date Nov 30 Prepare Print Done Submit Quiz 7:26 PM Type here to search 7/09/2021