Ps3 Understanding the Statement of Earnings Based on the Grous Profil Percentage Loo Thom they endorser Com daphan) Vet Yeart 310412 CROSS MWEGE Nesse Conto Oppo ning home 35 2000 Carrow.000w 2.44 F1 F2 90 FS od a # $ % 1 2 3 on 2 - Connect Assignments - Chapter 8- Connect Course Home 186 Determining Bad Debt Expense Based on Aging Analysis and interpreting Wation 06-4 kendt on the de 2030 ACL Receive an order from Wer's Ares, whosler. for 2 when Ariel Sacheteur inc. credit May 11 The purchasing Manager of Peter Appliances visited Icke's Factory and puron 2 on credit. Instead of the 20 sachines that were previsty ordered May Burl In for the machine purch on April 1 Sold 15 chim to Cheng Ltd. on credit Hay 30 vote of $19.00 of accounts receivable that were considered ancollectie These les relate to sales de par to korit 1. e. May 1) Peterson returned three defectiv.chines and the Out hun It Received 18. from Cheng Ltd. on account. June Ja Recoveret 33,100 from the receivables that were witten off on May 10. 51.000 per Accounts receivable Alte or del account credit balance Het sales 12.00 19.20 $70,000 wort www. 30.020 View transaction lit Journal entry worksheet > Record the receipt of order from Peter's Appliance News Da 10 2. The theme to meet the www 20 F3 600 92 F4 F1 FZ # % . 2 1 5 2 no 2. The company uses the aging of accounts receivable method to determine the amount of bad debt expense. The estimated uncollectible rates for the various age groups are as follows: (Hint Use a timeline to keep track of accou receivable in order to determine the age of these receivables) Aging of accounts receivable Not 31-60 Over 60 yet 1-30 days days days duc past due past due past due Estimated uncollectible 59 10 15$ 20 Book Print ference a. Determine the amount of receivables that may not be collectible in the future as on June 30, 2020 Amount of uncollectible b. Prepare the journal entry to record bad debt expense at June 30, 2020, the company's fiscal year-end. (If no ent required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the bad debt expenses estimated for the period. Note: Enter debits before credits. General Journal Da Credit Date June 30 Record entry View general Journal Clear entry 3 cereme's not accounts receivable were $180,000 at June 30, 2019 Calculate cukreme's average collection per for fiscal year 2020. (Use 365 days a year. Round intermediate calculations to 2 decimal places. Round the final answer to 1 decimal place) Average collection period days