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Daley Company prepared the following aging of receivables analysis at December 31. Total Days Past Due 0 1 to 30 31 to 60 61 to
Daley Company prepared the following aging of receivables analysis at December 31.
Total | Days Past Due | |||||
0 | 1 to 30 | 31 to 60 | 61 to 90 | Over 90 | ||
Accounts receivable | $ 570,000 | $ 396,000 | $ 90,000 | $ 36,000 | $ 18,000 | $ 30,000 |
Percent uncollectible | 1% | 2% | 5% | 7% | 10% |
- fill the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b.show the adjusting entry to record bad debts expense using the estimate from parta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3,600 credit. c.show the adjusting entry to record bad debts expense using the estimate from parta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $100 debit.
Fill in the table below to calculatethe estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.
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