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Carla Vista Co, uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a)
Carla Vista Co, uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Your answer is correct. Calculate the total estimated bad debts based on the information below. Num Total 0-30 31-60 Accounts receivable $ 552.000 $ 390,000 $ 93,000 % uncollectible 196 496 Estimated bad debts $ 12050 $ 3900 S 3720 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $ 4.000 debit. (Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit SWV PO8 01 Part B (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined above. Assume the unadjusted balance in Allowance for Doubtful Accounts is a $4,000 debit. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit SWV POB 01 Part_B e Textbook and Media Assistance Used e Textbook Video List of Accounts Save for later Attempts: 0 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above
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