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Golden Years Center Peacock Yacht Club Maple Shirts Xavier's Marina Total 1.30 Customer Name Days Mountain Youth Club S 500 Shirts Off 400 S Bright
Golden Years Center Peacock Yacht Club Maple Shirts Xavier's Marina Total 1.30 Customer Name Days Mountain Youth Club S 500 Shirts Off 400 S Bright Eyes Daycare Lakefront Pavilion Requirement 1. The company wants to use the allowance method to estimate bad debts. Assume a zero beginning balance for Allowance for Bad Debts a. Determine the estimated bad debts expense under the percent of sales methods at June 30, 2025 Assume that 3% of credit sales will not be collected (Round to the nearest dollar) Method Age of Accounts as of June 30, 2025 31-60 61-90 Over 90 Days Days Days 700 Estimated Bad Debts 6:30 a. Percent-of-sales b. Determine the estimated bad debts expense under the percent of receivables methods at June 30, 2025 Assume that 19% of receivables will not be collected (Round to the nearest dollar) Estimated Bad Debts Method b. Percent of receivables Print 100 1,000 $ 600 Done 1,300 1,300 1,300 100 100 100 $ 4,300 $ 1,500 $ 1,100 $ 600 S Total Balance S $ - . X 500
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