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Bellevue Corporation has accounts receivable of $94,300 at March 31, 2018 An analysis of the accounts shows these amounts. Month of Sale March (current) February
Bellevue Corporation has accounts receivable of $94,300 at March 31, 2018 An analysis of the accounts shows these amounts. Month of Sale March (current) February ( 1 - 30 days past due) December and January (31 - 90 days past due) (over 90 days past due) Balance, March 31 2018 2017 $64,100 $75,200 12,300 8.400 11,000 2,600 6,900 1,000 $94,300 $87,200 Credit terms are 2/10,n/30. At March 31, 2018, there is an unadjusted $2,100 credit balance in Allowance for Doubtful Accounts The company uses the percentage of receivables by age category for estimating uncollectible accounts Bellevue'sestimates of bad debts are as shown below. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Estimated Percentage Uncollectible 2% 6% 30% 50% Prepare the adjustingentry at March 31, 2018, to record bad debtsexpense (Credit account titles are automatically inderted when amount is entered. Do not indent manually. no entry is required, select "No Entry"for the account titles and enter Ofor the amounts. Date Account Titles and Explanation Mar. 31 Debit Credit
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