Question
problem 8-3a presented below is an aging schedule for bosworth company. customer Can someone answer this question please, it has 5 parts. Journal the adjusting
problem 8-3a presented below is an aging schedule for bosworth company.
customer
Can someone answer this question please, it has 5 parts.
Journal the adjusting entry for bad debts at December 31,2013, post the adjusting entry for bad debt at December 31, 2013, journalize the 2014 transactions which has two part's: (1) March 1, a $880 customer balance origin in 2013 is judged uncollectible (2) May 1, a check for $880 is received from the customer whose account was written off as uncollectible on March 1. The rest of the problem : post to allowance account these 2014 events. The last part asks: journalize the adjusting entry for bad debts at December 31,2014,assuming that the unadjusted balance in Allowance for doubtful accounts is a debt of $1,300 and the aging schedule indicates that total estimated bad debts will be $53,000.
Normally when I post questions like this I don't get full answer can I please get the all the answers I tried to provide all the information to this assignment. Thanks
Number of Days Past Due Not Yet Due Over 90 Total 1-30 31-60 61-90 ustomer Aneesh Bird Cope DeSpears others $ 24,000 10,000 $14,000 39,900$ 39,900 51,600 44,000 143,500 6,300 6,500 $38,800 $44,000 82.500 34,000 27.000 $303,000 $128,700 550,500 $41,000 $38,800 $44,000 13% 29% 68% $303,000$128,700 $50,500 $41,000 38,800 44 Estimated percentage uncollectible Total estimated bad debts 496 7% $ 5,148$3,535$5,330 $ 11,252 $29,920 At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,300. Journalize the adjusting entry for bad debts at December 31, 2013. (Credit account titles are automatically indent not indent manually-) Credit Account Ttles and ExplanationStep by Step Solution
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