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From inception of operations to Descember 3 1 , 2 0 2 5 , Fortner Corporation provided for uncollectible accounts receivable under the allowance method.
From inception of operations to Descember Fortner Corporation provided for uncollectible accounts receivable under the allowance method. The provisions are recorded, based on analyses of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account, and no yearend adjustments to the allowance account were made. Fortner's usual credit terms are net days.
The balance in Allowance for Doubtful Accounts was $Cr at January During credit sales totaled $ the provision for doubtful accounts was determined to be $$ of bad debts were written off, and recoveries of accounts previously written off amounted to $ Fortner installed a computer system in November and an aging of accounts receivable was prepared for the first time as of December A summary of the aging is as follows.
tabletableClassification byMonth of SaletableBalance inEachCategorytableEstimated UncollectibleNovemberDecember $
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