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Crane Company has accounts receivable of $175,000 at September 30, 2021. An analysis of the accounts shows the following: Month of Sale Balance September $123,000
Crane Company has accounts receivable of $175,000 at September 30, 2021. An analysis of the accounts shows the following: Month of Sale Balance September $123,000 August 26.000 July 15.000 April, May, and June 11.000 $175.000 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2021. is $2,120 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: Number of Days Estimated % -76 Question 2 of 5
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