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I need help with the following question in an excel format. Thanks Aging of accounts receivable allowance method (Learning Objective 4) On January 31, 2014,
I need help with the following question in an excel format.
Thanks
Aging of accounts receivable allowance method (Learning Objective 4) On January 31, 2014, the Accounts Receivable balance of Advanced Automotive Technology is $270,000. The Allowance for Uncollectible Accounts has a $4, 100 credit balance. Advanced Automotive Technology prepares the following aging schedule for its accounts receivable: Requirements Journalize the year-end adjusting entry for uncollectible accounts on the basis of the aging schedule. Calculate the resulting ending balance of the Allowance account based on the account aging. Show the T-account for the Allowance on January 31, 2014. Assume that instead of a $4, 100 credit balance, there is a $900 debit balance in the Allowance account prior to adjustment. Journalize the year-end adjusting entry for uncollectible accounts on the basis of the aging schedule. Calculate the resulting ending balance of the allowance account based on the account aging. Show the T-account for the Allowance on January 31, 2014
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