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Cedar Mill, Inc. uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information at the end of
Cedar Mill, Inc. uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information at the end of the year: Number of Days Unpaid 0 - 30 31 - 60 61 - 90 Over 90 $740,000 $480,000 $220,000 $160,000 5% 10% 15% 25% Accounts Receivable Estimated % Uncollectible If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $30,000, what would be the amount of the adjustment for bad debts? Multiple Choice $158,000 $90,000 $128.000 O $69.000
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