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LUKES GENERALSTORE Accounts Receivable - Allowance for Doubtful Accounta Auditor's analytical procedure for Allowance for Doubtful Accounts: Estimated Uncollectible Customer A 750.00 Customer B 1.250.00
LUKES GENERALSTORE Accounts Receivable - Allowance for Doubtful Accounta Auditor's analytical procedure for Allowance for Doubtful Accounts: Estimated Uncollectible Customer A 750.00 Customer B 1.250.00 Customer C 100.00 Customer D 6.750.00 Customer E 500.00 Customer F 175,00 Auditor's Estimated Uncollectible Amount 1) Calculate and provide the acceptable range for the estimated Allowance for Doubtful Accounts below: 2) Compare to Client's balance of 10.000.00 Is the Client's balance within the acceptable estimated range? 3) is the Client's Allowance for Doubtful Accounts balance adequate? Select Answer For the estimated Allowance for Doubtful Accounts to determine if it is adequate complete the analytical procedure on the right. 1) Show your calculation for the acceptable range (use +/- 5%) 21 Compare the client's balance to the acceptable range and select Yes within the range or No (not within the range) 3) Determine if the client's allowance is adequate and select Yes or No 3
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