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Problem -OIA - Oriale company uses the lowance method of accounting for bad dents. The company produced the following ging of the accounts receivable at
Problem -OIA - Oriale company uses the lowance method of accounting for bad dents. The company produced the following ging of the accounts receivable at year-end Cac the total estimated bad debts based on the main beli Number of Days Outstanding 0-30 31-60 51-90 91170 3507.000 Accounts recev Over 120 $352.000 338,000 $18.000 $11,000 19 4 9 mated debts Prepare the yearning entry to record the bading the collectable termined above. Assume theated in towance for Doubt Account $3.600 debit (Credit accountries are automatically indented when amount interd. De mindent manual) Account Tities and Explanation Credit of the above con 4.400 med belyset. Prepare the journey to write of the collectible account. (Credit accountries are automatically indented when amount interd. De not inden manual Deb Credit Accountries and Explanation The company collect 4.000 wenty one amount that had previously been determined to be collectie in partic. Prepare the journal are necessary to restore the account and record the section Credit titles are automatically indented when amount is entered. De noindent manually No Accounties and Explanation Credit 1
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