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Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications
Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts recelvable and estimated bad debts percent for each class. Days Past Due 31 to 60 9 1 to 38 3% 61 to ge 8% Over 90 12% Percent uncollectible Accounts Receivable $ 6,000 3,000 Days Past Due 16 Customer BCC Company Lannister Company Mike Properties Ted Reeves Jen Steffens 102 1,500 4,000 76 42 1. Create an aging of accounts recelvable schedule of accounts recelvable by age similar to the table glven above. Calculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. Estimated balance for Allowance for Doubtful Accounts Required 2 > Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts recelvable and estimated bad debts percent for each class. 1 to 39 Days Past Due 31 to 60 5% 61 to 90 8% Over ga 12% Percent uncollectible Days Past Due 16 Accounts Receivable $ 6,008 3.oee 7,000 1,500 4,000 Customer BCE Company Lannister Company Mike Properties Ted Reeves Jen Steffens @ 102 26 42 1. Create an aging of accounts recelvable schedule of accounts recelvable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts. View transaction list View journal entry worksheet
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