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Current Attempt in Progress The trial balance before adjustment of Metlock, Inc. shows the following balances: DC Cr. $105,700 1900 Accounts receivable Allowance for doubtful
Current Attempt in Progress The trial balance before adjustment of Metlock, Inc. shows the following balances: DC Cr. $105,700 1900 Accounts receivable Allowance for doubtful accounts Sales revenue (all on credit) Sales returns and allowances $659.500 30.800 Give the entry for bad debt expense for the current year assuming the allowance should be 4% of gross accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit Type here to search O C 6 Give the entry for bad debt expense for the current year assuming historical records show that, based on accounts receivable aging, the following percentages will not be collected: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Balance Percentage Estimated to Be Uncollectible $36,600 1% 47,300 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding 5% 12.600 12% 9.200 18% Account Titles and Explanation Debit Credit Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1.900 but it is a cred balance and the allowance should be 4% of gross accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amount Account Titles and Explanation Debit Credit List of Accounts Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1,900 but it is a credit balance and historical records show that the following percentages will not be collected: (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Balance Percentage Estimated to Be Uncollectible O Type het Question 22 of 26 -/15 Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1,900 but it is a credit balance and historical records show that the following percentages will not be collected: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Balance Percentage Estimated to Be Uncollectible $36,600 1% 47.300 5% 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding 12,600 12% 9.200 18% Account Titles and Explanation Debit Credit List of Accounts Type here in sanch
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