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Days Past Due 125 points Accounts receivable Percent uncollectible Total $640,000 0 $410,000 39 1 to 30 $104,000 49 31 to 60 61 to 90
Days Past Due 125 points Accounts receivable Percent uncollectible Total $640,000 0 $410,000 39 1 to 30 $104,000 49 31 to 60 61 to 90 $50,000 $32,000 78 95 Over 90 $44,000 120 Supo a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from porta. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,500 debit. Part 1 of 2 a. Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,500 debit 12.5 points Skloped Complete this question by entering your answers in the tabs below. Reg Req Band Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. Accounts Percent Receivable Uncollectible () Not due 1 10 30 X 31 to 60 X 61 to 90 Over 90 Estimated balance of allowance for uncollectibles $ 3 Reg A Reg B and C Part 1 of 2 b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,500 debit. Show less 125 points View transaction at Sed Journal entry worksheet 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,000 credit balance Note Enter dehits before credits Date Dec 31 General Journal Debit Credit Record entry Clear entry View general Journal 3 Reg A Reg 8 and 1 of 2 b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,500 debit. Show less s nts View transaction list spoed Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,500 debit balance. Not Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal
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