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Number of Days Unpaid 0-30 Total 0-60 0-90 Customer 100.00 200.00 0 $100.00 400.00 300.00 Customer 1 Customer 2 Customer 3 Customer 4-20 Total Accounts
Number of Days Unpaid 0-30 Total 0-60 0-90 Customer 100.00 200.00 0 $100.00 400.00 300.00 Customer 1 Customer 2 Customer 3 Customer 4-20 Total Accounts Receivable $500.00 1,500.00 $1,000.00 $41,000.00 $10,000.00 $20,000.00$10,000.00 43,200.00 $11,100.00 $20,700.00 $10,100.00 20% 1% 10% Estimated Uncollectable % Estimated Uncollectable 7. Using the Table above. Estimated uncollectable for 0-60 days is equal to: a. 111.00 b. 2,070.00 c. 4,721.00 d. $43,200.00 8. Using the Aging Table from Question 7 the balance of the Allowance for Doubtful Acc should be a. $ 111.00 b. 2,070.00 c. 4,721.00 d. $ 43,200.00 9. What is the journal entry for Bad Debt Expense if the Allowance for Doubtful Acco required balance of $4000.00 under the Aging Method and the current balance is $20 a. Bad Debt Expense b. Allowance for Doubtful Accounts C. Allowance for Doubtful Accounts d. Allowance for Doubtful Accounts 2000 2000 Allowance for Doubtful Accounts Bad Debt Expense Bad Debt Expense A/R 2000 2000 4000 4000 4000 4000 Number of Days Unpaid 0-30 Total 0-60 0-90 Customer 100.00 200.00 0 $100.00 400.00 300.00 Customer 1 Customer 2 Customer 3 Customer 4-20 Total Accounts Receivable $500.00 1,500.00 $1,000.00 $41,000.00 $10,000.00 $20,000.00$10,000.00 43,200.00 $11,100.00 $20,700.00 $10,100.00 20% 1% 10% Estimated Uncollectable % Estimated Uncollectable 7. Using the Table above. Estimated uncollectable for 0-60 days is equal to: a. 111.00 b. 2,070.00 c. 4,721.00 d. $43,200.00 8. Using the Aging Table from Question 7 the balance of the Allowance for Doubtful Acc should be a. $ 111.00 b. 2,070.00 c. 4,721.00 d. $ 43,200.00 9. What is the journal entry for Bad Debt Expense if the Allowance for Doubtful Acco required balance of $4000.00 under the Aging Method and the current balance is $20 a. Bad Debt Expense b. Allowance for Doubtful Accounts C. Allowance for Doubtful Accounts d. Allowance for Doubtful Accounts 2000 2000 Allowance for Doubtful Accounts Bad Debt Expense Bad Debt Expense A/R 2000 2000 4000 4000 4000 4000
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