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can someone help me solve this Following is a list of credit customers along with their amounts owed and the days past due at December
can someone help me solve this
Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts receivable and estimated bad debts percent for each class. Percent uncollectible Days Past Du 31 to 60 5% 1 to 30 3% 18 61 to 9 8 Over se 12% Customer BCC Company Lannister Company Mike Properties Ted Reeves Jen Steffens Accounts Receivable $ 4,200 1,200 5,200 550 2,200 Days Past Due 14 0 111 75 35 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $120, record the required adjustment to the Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. Required: Required 2 Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. Estimated balance for Allowance for Doubtful Accounts Required 1 Required 2 Assuming an unadjusted credit balance of $120, record the required adjustment to the Allowance for Doubtful Accounts. View transaction list Journal entry worksheet Assuming an unadjusted credit balance of $120. record the required adjustment to the Allowance for Doubtful Accounts. Note: Enter debits before credits General Journal De Credit Date December 31 Record entry Clear entry View general journal Step by Step Solution
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