Question
Entry for Uncollectible Accounts Easy Rider International is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 20Y3, and
Entry for Uncollectible Accounts Easy Rider International is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 20Y3, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Interval Balance Percent Uncollectible Not past due $2,025,000 2 % 130 days past due 900,000 1 3160 days past due 135,000 6 6190 days past due 60,000 17 91180 days past due 30,000 52 Over 180 days past due 15,00
Statement of Cash Flows | Balance Sheet | |||||||||
Assets | = | Liabilities | + | Stockholders' Equity | ||||||
Allowance for doubtful accountsCashNo effectAllowance for doubtful accounts | + | Accounts receivableMerchandise inventoryNo effectNo effect | = | Accounts payableCashNo effectNo effect | + | Capital stockRetained earningsNo effectRetained earnings | ||||
Dec. 31. | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 | ||||||
Statement of Cash Flows | Income Statement | |||||||||
FinancingInvestingOperatingNo effectNo effect | fill in the blank 10 |
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