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ex9-9 i have to awnser it in this format. Wadell industries has a past history of collectibles accounts as follows. Estimate the allowance for doubtful
ex9-9 i have to awnser it in this format.
Wadell industries has a past history of collectibles accounts as follows. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule you completed in Exercise 9-8
Score: 45% Key Code: Key code here Instructions Answers are entered in the cells with gray backgrounds Cells with non-gray backgrounds are protected and cannot be edited An asterisk) will appear to the right of an incorrect ent Days Past Due Not Past Over 90 Customer Balance Due 1- 30 31-60 61 -90 $ 74,500 80% $ 122,500 Total receivables Percent uncollectible Allowance for doubtful accounts S 1,150,000 $ 614,000 $ 233,000 $ 106,000 3% 15% 35%
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