Problem 8-5A An aging analysis of Cato Limited's accounts receivable at December 31, 2018 and 2017, showed the following: Number of Days Outstanding 2018 5298.500 2017 $320,800 Over de 110 100 $578.500 5561,400 Additional information: 1. At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $9,300. 2. In 2018, $42,100 of accounts were written off as uncollectible and $3,200 of accounts previously written off were recovered. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2017 and 2018. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec 31, 2017: Number of Days 0-10 days $320.800 31-60 days 114.900 61-90 days 5.800 Over 90 days Total estimated allowance balance at Dec 31, 2018: Number of Days Account Estimated 0-30 days 520.00 31-60 days Over 90 days 330.000 Record the adjusting entry relating to bad debts on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) ASSIGNMENT RESOURCES Chapters .Post Lecture Assignment Record the write off of uncollectible accounts in 2018. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Record Review R udy Record the collection of accounts previously written off in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) ( T wo of course) (Tere collectie Prepare the adjusting entry relating to bad debts on December 31, 2018 (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) NE Calculate the carrying amount of Cato's accounts receivable at December 31, 2017 and 2018. 2013 Carrying amount Question Attempts of used ASSIGNMENT RESOURCES Chater Post Lecture Assement Problem 8-5A An aging analysis of Cato Limited's accounts receivable at December 31, 2018 and 2017, showed the following: 4 Accounts Receivable Estimated Percentage Number of Days Outstanding 2018 2 .SOO Oective 31-60 days 2017 $320.00 114 900 75.00 9.900 5561.400 Over 90 days 200 10.100 5578.500 Additional information: 1. At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $9,300. 2. In 2018, $42,100 of accounts were written off as uncollectible and $3,200 of accounts previously written off were recovered. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2017 and 2018. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec 31, 2017: Number of Days Outstanding Accounts Receivable Estimated Percentage U ncollectie Estimated Uncollectible Accounts 0-30 days $320.000 31-60 days 114.900 61-90 days 75.800 Over 90 days 49.900 5561.400 Total estimated allowance balance at Dec 31, 2018: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectie Estimated collectible Accounts 0-30 days 5298.500 31-60 days 61-90 days 200 10100 555 Record the adjusting entry relating to bad debts on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Aww The Explomat Record the write off of uncollectible accounts in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) nies at the Record the collection of accounts previously written off in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Tuled C (Tower Prepare the adjusting entry relating to bad debts on December 31, 2018 (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Calculate the carrying amount of Cato's accounts receivable at December 31, 2017 and 2018. 2018 Carrying amount
