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Hi teachers! Please help me with this questions Thanks! Aging Method Bush Company showed the following information at May 31, 2019 Account Debit Allowance for
Hi teachers! Please help me with this questions Thanks!
Aging Method Bush Company showed the following information at May 31, 2019 Account Debit Allowance for doubtful A/C $260 credit Account Receivable % of Desired ADA Balance Not Due 4000 4% 1-30 after due date 2100 10% 31-60 after due date 800 45% >60 days after due date 400 65% 3. Using the aging method. P. Calculate the estimated bad debt Q. Prepare the T-accounts and journal to adjust the ADA R. Show the net realizable value of the A/C Receivable on a balance sheet extract Step by Step Solution
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