First sentence reads, accounts receivabls balance of $185,000. allowance for bad debts account $15,625.
Dec.2016 view of PC Tuto the whole OPC Temperature TO AA 1.30 OTIE 5 ORG www. $ 75.000 000 ye 1.00 www. Anne Bu the aduce Alfa Show wana Decanter 21, 2016. Secounts Receivable blares et GPC Tachometer 310.000. The Movie twee secount was con CPC Truey retailing ugne schede ter as accounts receivable Botow the aging schedule Readers Mandram 1. Jowaiyendunting way to bet ons on the head on the Teartworms terember 31, 2011 Begin tydelig herghelie of water and winter the age och Aguel Account 1-30 160 Or Duye Oy 1 75.000 $ 4.000 1000 OT 20 50 the retur Accendinin .. Below are Bala) D3 Alle CT cember 31, 2018, the Accounts Receivable balance of GPC Technology $185.000 The Alowance for Bed Debts account has a 315,625 detit balance GPC Technology prepares the following aging schedule mlick the loon to view the aging schedule Read the requires Age of Accounts 1.30 3160 01-10 Days Days Days D Balance Accounts Receivable 5 75.000 $ 55.000 $ 25.000 $10.000 Estimated protectie 20 450 Esedotanoli Journal de year and sing way for cours on the other contendih Select the late on the Date Account and Explanation De Crade Des 31 01 he journal arty th the Tacord for the Allowance for the De Dec.2018 Aliwanada Al December 31, 2018, the Accounts Receivable balance of GPC Technology is $185,000. The Allowance for Bad Debts account has a $15,626 debit balar (Click the icon to view the aging schedule.) Read the requirements. Requirement 1. Joumalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at Dece Begin by determining the target balance of Allowance for Bad Debts by using the age of each account. Age of Accounts Over 90 Total Balance 1-30 Days 75,000 0.7 31-60 Days $ 55,000 2.0 61.90 Days $ 25,000 8.0 $ $ Accounts Receivable Estimated percent uncollectible Days 30,000 45.0 Estimated total uncollectible Journalize the year and adjusting entry for doubitul socounts on the basis of the aging schedule. (Record debits first, then credits. Select the explanation on the last line Debit Accounts and Explanation Date Credit Dec 31 Show the Taccount for the Allowance for Bad Debts at December 31, 2018 Allowance for Bad Debts Estimated percent uncoctible Estimated total uncollectible Journalize the year-end adjusting entry for doubtful accounts on the basis of the aging schedule. (Record debits first, then credits. Select the explanation on the last tir Dato Accounts and Explanation Debit Credit Dec 31 Show the T-Com for the Allowance for Bad Debts at December 31, 2018 Allowance for Bad Debts Requirement 2. Show how GPC Technology will report its not accounts receivable on its December 31, 2018, balance sheet Balance sheet (Partial): Current Assets Choose from any list or enter any number in the input fields and then continue to the next question This Question: 14 pts 5 of 34 At December 31, 2018, the Accounts Receivable balance of GPC Technology is $185,000. The Allowance for Bad Debts account has a $15,625 debit (Click the icon to view the aging schedule.) Read the requirements Age of Accounts 1-30 61-90 Days 31-60 Days $ 55,000 2.0% Total Balance Over 90 Days $ 30,000 Accounts Receivable $ Days $ 25,000 8.0 75,000 0.7 Estimated percent uncollectible 45.0 Estimated total uncollectible Journalize the year-end adjusting entry for doubtful accounts on the basis of the aging schedule. (Record debits first, then credits. Select the explanation on the fast Date Accounts and Explanation Debit Credit Do0 31 5 of 34 (8 complete) wance for Bad Debts account has a $15,625 debit balance. GPC Technology prepares the following aging schedule for its accounts receivable: Total Balance cord debits first, then credits. Select the explanation on the last line of the journal entry table.)
