Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 45 of 46 Presented below is an aging schedule for Marigold Corp. at December 31, 2021. Number of Days Past Due -/10 E

image text in transcribed

Question 45 of 46 Presented below is an aging schedule for Marigold Corp. at December 31, 2021. Number of Days Past Due -/10 E Not Customer Over 90 Total Yet Due 1-30 31-60 61-90 Aneesh $22,000 $10.100 $11,900 Birdi 33,500 $33,500 Cope 57,300 6,500 5,900 DeSpears Others 33,200 $44,900 $33,200 125,300 95,300 15,900 14,100 $271,300 $135,300 $31,900 $26,000 $44,900 $33,200 Estimated percentage uncollectible 3% 7% 12% 24% 60% Total estimated uncollectibles $40,108 $4,059 $2,233 $3,120 $ 10,776 $19,920 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Financial Accounting Information The Alternative to Debits and Credits

Authors: Gary A. Porter, Curtis L. Norton

9th edition

978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237

More Books

Students also viewed these Accounting questions

Question

What factors contribute most to the comprehension of read text?

Answered: 1 week ago