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Post to the allowance account these 2022 events. (Post entries in the order of journal entries posted in the previous part.) (b2) Post to the
Post to the allowance account these 2022 events. (Post entries in the order of journal entries posted in the previous part.)
(b2) Post to the allowance account these 2022 events. (Post entries in the order of Journal entries posted in the previous part) Allowance for Doubtful Accounts 2021 12/31 Bal. 8,800 12/31 32.579 12/31 Bal. 41379 2022 e Textbook and Media Your answer has been saved. See score details after the due date. Journalize the 2022 transactions: (Credit account titles are automatically indented when amount is entered. Do not Indent manually) 1 March 1, a $630 customer balance originating in 2021 is judged uncollectible. 2 May 1, a check for $630 is received from the customer whose account was written off as uncollectible on March 1 No. Date Account Titles and Explanation Debit Credi 1 Mar. 1 Allowance for Doubtful Accounts 630 Accounts Receivable 2 May 1 Accounts Recevable 630 Allowance for Doubtful Accounts (To reinstate account previously written off) 630 Accounts Receivable Presented below is an aging schedule for Novak Corp. at December 31, 2021. Number of Days Past Due Not Yet Customer Total Due 1-30 31-60 61-90 Over 90 Aneesh $ 24,800 $ 9,600 $15,200 Bird 28,200 $28,200 Cope 52,500 4,500 4.500 DeSpears $43.500 34,500 Others $34 500 118.800 71,100 35,100 12,600 $258,800 $103,800 $49.200 $27,800 $43.500 $34,500 Estimated percentage uncollectible Total estimated bad debts 396 7% 12% 24% 6196 $ 41,379 $ 3.114 $3,444 $3,336 $10.440 $21.045 At December 31, 2021. the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,800 Step by Step Solution
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