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please asnwer this question H Ltd. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable
please asnwer this question
H Ltd. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Instructions: (a) Calculate the total estimated bad debts using the table above. (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined in (a). Assume the current batance in Allowance for Doubtful Accounts is a 1,600 credit. (c) Of the above accounts, $1,100 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. stible account. hustis (d) The company collects 5700 subsequently on a specific account that hod previously been determined to be uncollectbile in (c). Prepare the journal entries Step by Step Solution
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