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E7.11 (LO3)(Bad Debts-Aging) Danica Patrick, Inc. includes the following account among its trade receivables. Hopkins Co. 1,100 1,350 700 1/28 Cash (#1710) 1,100 4/2 Cash
E7.11 (LO3)(Bad Debts-Aging) Danica Patrick, Inc. includes the following account among its trade receivables. Hopkins Co. 1,100 1,350 700 1/28 Cash (#1710) 1,100 4/2 Cash (#2116) 1,350 4/10 Cash (1/1 Balance) 1,710 4/30 Cash (#2412) 490 9/20 Cash (#3614 and part of #2412) 155 1/1 Balance forward 1/20 Invoice #1710 3/14 Invoice #2116 4/12 Invoice #2412 9/5 Invoice #3614 10/17 Invoice #4912 11/18 Invoice #5681 12/20 Invoice #6347 1,000 860 790 860 2,000 10/31 Cash (#4912) 800 12/1 Cash (#5681) 12/29 Cash (#6347) 1,250 800 Instructions Age the balance and specify any items that apparently require particular attention at year-end
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