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Percent uncollectible 0 1 to 30 31 to 60 61 to 90 Over 90 1% 3% 5% 8% 12% Customer BCC Company Accounts Receivable
Percent uncollectible 0 1 to 30 31 to 60 61 to 90 Over 90 1% 3% 5% 8% 12% Customer BCC Company Accounts Receivable Days Past Due $6,000 16 Lannister Co. 3,000 0 Mike Properties 7,000 102 Ted Reeves 1,500 76 Jen Steffens 4,000 42 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. Estimated balance for Allowance for Doubtful Accounts 2. Assuming an unadjusted credit balance of $300, record the required adjustment to the Allowance for Doubtful Accounts. View transaction list
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