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Presented below is an aging schedule for Wildhorse Company on December 31, 2021. Wildhorse sells all of its goods on account with terms n/30. Number
Presented below is an aging schedule for Wildhorse Company on December 31, 2021. Wildhorse sells all of its goods on account with terms n/30.
Number of Days Past Due | ||||||||||||
Customer | Total | Not yet Due | 130 | 3160 | 6190 | Over 90 | ||||||
Akers | $18,800 | $8,500 | $10,300 | |||||||||
Barrett | 28,200 | $28,200 | ||||||||||
Corner | 47,000 | 14,100 | 4,700 | $28,200 | ||||||||
DeJong | 35,700 | $35,700 | ||||||||||
Other | 118,400 | 86,500 | 14,100 | 12,200 | 5,600 | |||||||
$248,100 | $128,800 | $27,300 | $22,500 | $28,200 | $41,300 | |||||||
Estimated percentage uncollectible | 2% | 5% | 8% | 27% | 54% |
At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $9,400.
What I want is below 2 questions.
1. Using the above aging schedule, determine the total estimated uncollectible accounts at December 31, 2021.
Total estimated uncollectible accounts | $ |
2.
Show how accounts receivable would be presented on the balance sheet on December 31, 2021. Wildhorse Company Balance Sheet (Partial) $ Less $Step by Step Solution
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