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Help! I need to answer all of these questions. I need to Journalize the adjusting entry for bad debts, Post the adjusting entry for bad
Help! I need to answer all of these questions. I need to Journalize the adjusting entry for bad debts, Post the adjusting entry for bad debts, Journalize the 2014 transactions, Post to the allowance account these 2014 events, and Journalize the adjusting entry for bad debts.
Problem 8-3A Presented below is an aging schedule for Bosworth Company. Number of Days Past Due Not Yet Due Over 90 1-30 31-60 61-90 Customer Aneesh Bird Cope DeSpears Others Total $ 24,500 31,800 53,500 42,600 137,400 $289,800 $ 8,500 $16,000 $31,800 5,400 5,500 $42,600 $42,600 $120,900 $48,500 $35,200 $42,600 $42,600 68% $ 3,627$3,880 $4,928 $ 12,780 $28,968 83,70034,50019,200 Estimated percentage uncollectible 3% 5% 14% 30% Total estimated bad debts $54,183 At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,300Step by Step Solution
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