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mated to be ( 1 ) 10% of accounts receivable, and (2) 1.5% of net sales? sss Rowen Company has accounts receivable of s241,000 at
mated to be ( 1 ) 10% of accounts receivable, and (2) 1.5% of net sales? sss Rowen Company has accounts receivable of s241,000 at September 30, 2017. An analysis of the accounts Prepare aging houws the following record bad debts. (LO 2) AP Month of Sale September August Balance $170,000 April, May, and June 15,300 $241,000 terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 3017, is $1,400 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's ercentage estimates of bad debts are as follows: Estimated % Uncollectible Number of Days Outstanding 0-30 31-60 61-90 Over 90 10% al Prepare an aging schedule to deternune the total estimated uncollectible accounts at September 30, 2017. b) What is the net realizable value of the accounts receivable at September 30, 2017 o Prepare the adjusting entry at September 30 to record bad debt expense. Determine missing amounts folloine infermation in its general ledger at December 31
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