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Please answer all of the questions Use the AR Aging Table below to answer the questions related to adjusting ADA on the % Aging Method:
Please answer all of the questions
Use the AR Aging Table below to answer the questions related to adjusting ADA on the % Aging Method: Customer Current customer 1 $40,000 30+ days 60+ days 90+ days 120+ days Total $20,000 $10,000 $70,000 $30,000 $6,000 $5,000 $101,000 $30,000 $4,000 $114,000 customer 2 $60,000 customer 3 $80,000 TOTALS $180,000 $80,000 $10,000 $10,000 $5,000 $285,000 % 1% Uncollectable 2% 5% 20% 30% ***REQUIRED*** Show the Balance Sheet Presentation (partial only) of AR and ADA based on the % Aging of AR Uncollectable Method and the amounts in the table above. % AGING OF A/R continued Using the table above and the related calculations you determined. Answer the following questions about BDE. Consider the situations as separate. A) Bad Debt Expense would be $ if the UNADJUSTED balance of ADA is a $5,000 CREDIT balance. B) Bad Debt Expense would be $ if the UNADJUSTED balance of ADA is a $1,000 DEBIT balance Step by Step Solution
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