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Help Save & Ex 5 Check Exercise 7-10 Aging of Receivables Schedule LO P3 Following is a list of credit customers along with their amounts
Help Save & Ex 5 Check Exercise 7-10 Aging of Receivables Schedule LO P3 Following is a list of credit customers along with their amounts owed due and the days past due at December 31. Following that list are five classifications of accounts receivable and estimated bad debts percent for each class. oped Percent uncollectible @ 1 to 3e 3x Days Past Due 31 to 60 61 to 90 5X 8% Over 90 12% eBook Hint Customer SCC Company Lannister Co. Mike Propers Ted Reeves Jen Steffens Days Past Due 13 Ask Accounts Receivable 55,100 2,100 6,100 1,050 3,100 -terences 70 37 1. 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 1,530 5 2. Assuming an unadjusted credit balance of $210, record the required adjustment to the Allowance for Doubtful Accounts. View transaction list 1 points Skipped Journal entry worksheet
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