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Reporting Uncollectible Accounts and Accounts Receivables Mohan Company estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of

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Reporting Uncollectible Accounts and Accounts Receivables Mohan Company estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Mohan computes a total of $1,680 in estimated losses as of December 31, 2016. Its Accounts Receivable has a balance of $78,400, and its allowance for Uncollectible Accounts has an unused balance of $400 before adjustment at December 31, 2016. a. What is the amount of bad debts expense that Mohan will report in 2016? $ b. Determine the net amount of accounts receivable reported in current assets at December 31, 2016 $ C. Set up T-accounts for both Bad Debt Expense and for Allowance for Uncollectible Accounts. Enter any beginning balances and effects from the information above (including your results from parts a and b). Allowance for Doubtful Accounts Bad Debts Expense Bal. Bal. Bal

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