Melissa company recorded $3500000 in credit sales in 2029 and prepared the following aging schedule for their $686500 in accounts receivable as at December 31,2020:

The balance for their allowance for doubtful accounts before year end adjustments is a $3000 credit.

Times New Ro Question 5 Accounts Receivable Analysis Marks) Melrose Company recorded $3,500,000 in credit sales in 2020 and prepared the food Accounts Receivable as at December 31, 2020: S Days outstanding Balancs 0-30 days 31-60 days 61-90 days Over 90 days uncollectible 7 $320,000 8 225.000 29 54,500 87.000 Total 25% $686,500 The balance in their Allowance for Doubtful Accounts before year-end adjustments is a 53,500 credit 11 12 General Journal 13 Date Account Titles Debit Credit 14 Dec 31 15 16