Mephisto en $2.75 milioni creduring the current year. The balance of the allowance for donat accounts at December 31 52.500 debit Accounts receivable at December 31 consists of the following Account Cicatio Amen! Estimated Percentage Uncollectible 15% 35 31-60 days 61-90 day Over 90 $350.000 180/000 55.000 21000 25% Hesired Calculate and record the journal entry for bad debt expense for the current year using the aging of accounts receivable approach Mephisto decided to write of $15,000 of the accounts that were over 90 days old Record the journal entry What is the balance for Accounts Receivable as shown on the December 31 bance sheet? Dj One of the customers whose $2.200ccount was writer of paid in full record the jour entry fortres is the balance in the allowance for doubt accounts affected by the transaction in part of if so, by how much? What is the new balance Mephistic. generated $2.5ition in casals during the current year. The base of the cowance for doubtful accounts at December $2.500 debit Accounts receive December costs of the Account Coducation Amount Estimated Percentage Uncollectible 3 130 wys days day Over 90 days 30/000 000 15 000 2000 Required Al Calculate and record the journal entry for bad debt expense for the current year using the aging of accounts receivable approach Mephisto has decided to write off $15.000 of the accounts that were over 90 days old Record the journal entry What is the balance for Accounts Receivable as shown on the December 31 balance sheet? Dj One of the customers whose $2,200 account was written off paid in Record the journal entrenties Bis the balance in the allowance for doubtful accounts affected by the transaction in part of it so, by how much Wut the new balance Mephisto en $2.75 milioni creduring the current year. The balance of the allowance for donat accounts at December 31 52.500 debit Accounts receivable at December 31 consists of the following Account Cicatio Amen! Estimated Percentage Uncollectible 15% 35 31-60 days 61-90 day Over 90 $350.000 180/000 55.000 21000 25% Hesired Calculate and record the journal entry for bad debt expense for the current year using the aging of accounts receivable approach Mephisto decided to write of $15,000 of the accounts that were over 90 days old Record the journal entry What is the balance for Accounts Receivable as shown on the December 31 bance sheet? Dj One of the customers whose $2.200ccount was writer of paid in full record the jour entry fortres is the balance in the allowance for doubt accounts affected by the transaction in part of if so, by how much? What is the new balance Mephistic. generated $2.5ition in casals during the current year. The base of the cowance for doubtful accounts at December $2.500 debit Accounts receive December costs of the Account Coducation Amount Estimated Percentage Uncollectible 3 130 wys days day Over 90 days 30/000 000 15 000 2000 Required Al Calculate and record the journal entry for bad debt expense for the current year using the aging of accounts receivable approach Mephisto has decided to write off $15.000 of the accounts that were over 90 days old Record the journal entry What is the balance for Accounts Receivable as shown on the December 31 balance sheet? Dj One of the customers whose $2,200 account was written off paid in Record the journal entrenties Bis the balance in the allowance for doubtful accounts affected by the transaction in part of it so, by how much Wut the new balance
