Question
On December 31 an aging of receivables revealed the following Age in days Amount % Uncollectible 0-30 400,000 0.5% 31-60 100,000 1.5 61-90 60,000 10.0
On December 31 an aging of receivables revealed the following
Age in days Amount % Uncollectible
0-30 400,000 0.5%
31-60 100,000 1.5
61-90 60,000 10.0
91-120 20,000 50.0
Over 120 0 99.0
The allowance for doubtful accounts has an unadjusted debit balance of $200.
Record the year end adjusting entry for uncollectible accounts.
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Principles Of Accounting Volume 1 Financial Accounting
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
1st Edition
1593995946, 978-1593995942
