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JEROME. Hoca Inc. provided the following information regarding its accounts receivable balance and sales for the year ended December 31 2019 Accounts Receivable, end Days
JEROME. Hoca Inc. provided the following information regarding its accounts receivable balance and sales for the year ended December 31 2019 Accounts Receivable, end Days Outstanding $250.000 Under 90 days 580 000 90 to 180 days $3.000 Over To days Beginning of period allowance for doubtful accounts: $1.600 Adual wite ots of bad debt during the period $500 Sales totaled $373,000. The entire sales were on credit Historically 4% of Boka Ines credit sales were not collected Estimated Loss Rate 73 123 30 1 Provide the journal entry for the actual write-offs of uncollectible debat during the year. (4 points) December 11, 2019 UF OF. Alle for doubtful delits $500 Treat Question #2 and 83 as independent questions. 2 Assuming that Boka Inc, uses the aging of accounts receivable method, what is the bad debt expense amount in 2019 (No need to show your work) (5 points) 3. Assuming that Boka Inc uses the credit sales, method, provide the adjusting entry for bad debt expense in 2019. (4 points I This question will be sent to your instructor for grading
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