{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T22:13:34-04:00", "answer_date": "2024-05-27 22:13:34", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1804349", "url": "\/study-help\/questions\/check-my-work-4-skipped-young-and-old-corporation-yoc-1804349", "question_creation_date_js": "2024-05-27T22:13:34-04:00", "question_creation_date": "May 27, 2024 10:13 PM", "meta_title": "[Solved] Check my work 4 Skipped Young and Old Cor | SolutionInn", "meta_description": "Answer of - Check my work 4 Skipped Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. | SolutionInn", "meta_keywords": "check,work,4,skipped,young,old,corporation,yoc,two,aging,categories,estimate", "question_title_h1": " Check my work 4 Skipped Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are", "question_title": " Check my work 4 Skipped Young and Old Corporation (YOC) uses", "question_title_for_js_snippet": "Check my work 4 Skipped Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts Accounts less than 60 days are considered young and have a 4 uncollectible rate Accounts more than 60 days are considered old and have a 35 uncollectible rate Required 1 If YOC has $107,000 of young accounts and $470,000 of old accounts, how much should be reported in the Allowance for Doubtful Accounts 2 If YOC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $47,000, how much should be credited to the account 3 If YOC's Allowance for Doubtful Accounts has an unadjusted debit balance of $5,700, how much should be credited to the account 1 Amount to be Reported 2 Amount to be Credited 3 Amount to be Credited", "question_description": "\"image", "transcribed_text": "Check my work 4 Skipped Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 4% uncollectible rate. Accounts more than 60 days are considered old and have a 35% uncollectible rate. Required: 1. If YOC has $107,000 of young accounts and $470,000 of old accounts, how much should be reported in the Allowance for Doubtful Accounts? 2. If YOC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $47,000, how much should be credited to the account? 3. If YOC's Allowance for Doubtful Accounts has an unadjusted debit balance of $5,700, how much should be credited to the account? 1. Amount to be Reported 2. Amount to be Credited 3. Amount to be Credited", "related_book": { "title": "Management Accounting Information for Decision-Making and Strategy Execution", "isbn": "137024975, 978-0137024971", "edition": "6th Edition", "authors": "Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/62.jpg", "uri": "\/textbooks\/management-accounting-information-for-decision-making-and-strategy-execution-6th-edition-62", "see_more_uri": "" }, "free_related_book": { "isbn": "0898002311", "uri": "\/textbooks\/skillful-means-patterns-for-success-1st-edition-978-0898002317-176381", "name": "Skillful Means Patterns For Success", "edition": "1st Edition" }, "question_posted": "2024-05-27 22:13:34", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/a-non-reactiveconservative-contaminant-is-dumped-on-the-ground-level-654802", "description": "A non reactive\/conservative contaminant is dumped on the ground level and it leaches to the groundwater vertically and takes half day for reaching the groundwater by travelling through unsaturated...", "stars": 0 }, { "url": "\/verify-the-5year-recovery-period-rates-for-macrs-given-in", "description": "Verify the 5-year recovery period rates for MACRS given in Table. 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