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ignment 1. An aging schedule of the accounts receivable as of December 31, 2017, is as follows % to Be Applied after Correction Is Age
ignment 1. An aging schedule of the accounts receivable as of December 31, 2017, is as follows % to Be Applied after Correction Is Age Net Debit Balance Under 60 days 60-90 days 91-120 days $172,342 196 30,924 $3,700 definitely uncolilectible is 25% Over 120 days 23,644 $372,400 The $3,240 write off of recelvables is related to the 91 to-120 day categony 2. The Accounts Receivable control account has a debit balance of $372,400 on December 31, 2017, 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to Allowance for Doubtful Accounts, and (2) a credt Doubtful Accounts because of a bankruptcy 4. Allowance for Doubttul Accounts is as foows for 2017 2 ignment 1. An aging schedule of the accounts receivable as of December 31, 2017, is as follows % to Be Applied after Correction Is Age Net Debit Balance Under 60 days 60-90 days 91-120 days $172,342 196 30,924 $3,700 definitely uncolilectible is 25% Over 120 days 23,644 $372,400 The $3,240 write off of recelvables is related to the 91 to-120 day categony 2. The Accounts Receivable control account has a debit balance of $372,400 on December 31, 2017, 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to Allowance for Doubtful Accounts, and (2) a credt Doubtful Accounts because of a bankruptcy 4. Allowance for Doubttul Accounts is as foows for 2017 2
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