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Please answer the following question: Analysis of balances 399,600 2 Age of Accounts Receivable Not due (Under 30days) 1 to 30 days past due 31
Please answer the following question:
Analysis of balances 399,600 2 Age of Accounts Receivable Not due (Under 30days) 1 to 30 days past due 31 to 60 days past due 61-90 days past due 90-120 days past due 287,800 10 180,000 15 6,000 20 10,000 40 16,600 100 Over 120 days past due Total OMR 900,000 Required. a. Compute the amount needed in the Allowance for Doubtful Accounts at December 31, 2017, using the aging of accounts receivable method. b. Prepare the journal entry to record bad debts expense at December 31, 2017. Show how accounts receivable would be presented on the Balance sheet at December Amount %
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