Question
Number of days Outstanding Amount recievable estimated uncollectable 0-30 5,000 1% 31-60 2,000 5% 61-90 750 10% over 90 300 40% Beginning balance of Allowance
Number of days Outstanding Amount recievable estimated uncollectable
0-30 5,000 1%
31-60 2,000 5%
61-90 750 10%
over 90 300 40%
Beginning balance of Allowance for doubtful accounts is a debit
$600. Using the information above what is the adjusting entry and for
how much?
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Think Like A Millionaire Auditor How To Build Practical Efficiency Increase Revenue And Experience Peace Of Mind That Will Transform Your Business Leadership And Life
Authors: Michael J. Harrison
1st Edition
B0B6XJBHR7, 979-8838447821
