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During the monthly closing of its A/R accounts, Dove Inc , posted its uncollected received classified by their age. The company has a beginning allowance
During the monthly closing of its A/R accounts, Dove Inc,posted its uncollected received classified by their age.
The company has a beginning allowance balance of USD $84000. Please post the appropriate entries to write off the uncollectible,
| Age of Accounts | |||
| 1 - 30 Days | 31 - 60 Days | 61 - 90 Days | Over 90 Days |
sales | $ 400,000 | $ 550,000 | $ 80,000 | $ 15,000 |
%uncollectible | 1.5% | 2% | 50% | 30% |
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