Question No $5$

a$)$ xYZCO $\text{'}$s accounts receivable subsidiary ledger reveals the following:

The Co's receivable collection experience indicates the following probability of collection:

The allowance of doubtful account balance on December $31,2007$ was Taka $5000$ before adjustment.

Required:

Prepare the Accounts Receivable aging schedule, compute allowance for doubtful account balance

end of year adjusting entry.