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Paragraph Signatures Styles Adobe Acrobat Voice Eddor Files Reuse Files Exercise 8-12Aging analysis L03 CHECK FIGURE: c. Accounts receivable (net)-$332,600 Winfrey Designs had an
Paragraph Signatures Styles Adobe Acrobat Voice Eddor Files Reuse Files Exercise 8-12Aging analysis L03 CHECK FIGURE: c. Accounts receivable (net)-$332,600 Winfrey Designs had an unadjusted credit balance in its Allowance for Doubtful Accounts at December 31, 2017, of $1,800. Required a. Prepare the adjusting entry assuming that Winfrey estimates uncollectible accounts based on an aging analysis as follows: December 31, 2017 Accounts Receivable $120,000 35,000 8,000 2,000 Age of Accounts Receivable Not due (under 30 days) 1 to 30 days past due 31 to 60 days past due Over 60 days past due Click here for a description of Table: Exercise 8-12, a. I Expected Percentage Uncollectible 0.75% 4% 10% 60%
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