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Receivables Assignment la Using the aging of accounts receivable, determine the allowance of doubtful accounts for the following account receivables 1-30 days 31-60 days 61-90

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Receivables Assignment la Using the aging of accounts receivable, determine the allowance of doubtful accounts for the following account receivables 1-30 days 31-60 days 61-90 days overdue not yet due past due past due 8 000 5000 30 000 12 000 acc rec 30% 5% 10% % uncollectible 2% uncollectible amounts Total amount 6mks b Record the entry to show the allowance for doubtful accounts using the amount determined from the aging of accounts receivable. Assume the date is Feb 28. General Journal 2021 Date Particulars PR Debit Credit 3mles I 2a Calculate the interest on a note receivable for 86 days worth $5 000 at 4.0%. 2 m

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