Question
Blair Company has 10,000 accounts receivable that are current, 5,000 that are between 0 and 30 days past due, 3,000 that are between 30 and
Blair Company has 10,000 accounts receivable that are current, 5,000 that are between 0 and 30 days past due, 3,000 that are between 30 and 60 days past due, and 800 that are even more than 60 days past due. Blair estimates that 2% of the receivables that are current will be collectible, 5% of those between 0 and 30 days past due will be uncollectible,, 10% of those between 30 and 60 days past due will be collectible and 50% of those more than 70 days past due will be collectible. Just previously recognizing collectible accounts expense. Blain's allowance doubtful accounts has a 100 positive balance. Assuming Blain uses the aging method to estimate in collectible accounts expense, the amount of collectiblexpense will be?
1. Earnet $9,800 of equerue or account 2. Collected $7,600 cast as davment an accourts receivable. 3. Adjus: accounts to recogrice uncolectable accounts exaense Lsing the fallowing aging schedule: ain Company has $10,000 of accounts receivable that are curre d 60 days past due, and $800 that are more than 60 days past \% of those between 0 and 30 days past due will be uncollectible ose more than 60 days past due will be uncollectible. Just prior ccounts account has a $100 positive balance. Assuming Blain us ncollectible expense will be
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