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estion 47 Wildhorse Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of
estion 47 Wildhorse Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $4,000. The company produced the following information from aging accounts receivable at year end. Complete the aging schedule and calculate the total estimated uncollectible accounts. 91-120 Total Number of Days Outstanding 61-90 $160,000 $120,000 100 $50,000 $730,000 Accounts receivable Estimated uncollectible Estimated uncollectible accounts Record the bad debit adjusting entry using the information determined in part (a). (Credit account titles are automat required, select "No Entry for the account titles and enter for the amount) Account Titles and explanation Debit To record estimate of uncoctible accounts count. (Cedicat e automatically In the following year, $21,000 of the outstanding accounts receivable is determined to be when the montered the entry Account Tales and Explanation here to search
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