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Blossom Company uses the alonance method of accounting for bec debts. The company produced the folosing sing of the accounts receivable at year-end. Calculate the
Blossom Company uses the alonance method of accounting for bec debts. The company produced the folosing sing of the accounts receivable at year-end. Calculate the total estimated bad debts based on the information below. Tata! $400,000 $ 0-30 $233,000 Number of Days Outstanding 31-60 61-90 91-120 $89.000 550.000 $24.000 Over 120 $10,000 Accounts receivable uncolade SAN S' 99% Estimated bad dels $ $ $ LENK TO TEXT UNK TO VIDEO Power the year-end weljusting jual try to record the bed debts using the aged unevillectible monter cable determined above. Assume the unadjusted bunch in Allowance for Doubtful Aeruuntx is $4,200 debit (Credit account titles are automatically iraduated when amount is entered. Da nat induni mily.) Acmount Tiles and Explanation Dehit Credit LENK TO TEXT UNK TO VIDEO of the above accounts, $S, SCC ir dietermined to the specifically uncollectible. Prepare the journal entry to writw off the unclecticunt. (Credit account titles are automatically indented when mount in watarud. Do not indent manually.) Account Tiles and Explanation Debit Credit LINK TO TEXT LINK TO VIDEO The company collects $5,500 subsequently on specific account that had previously been determined to be uncollectible in part (c). Prepare the journal entries necessary to (1) restore the account and (2) record the cash collection (Credit account titles are automatically indented when amount is entered. Do not indet manly.) No. Account Titles and Explanation Dehit Credit
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