Section 2 AGING METHOD The following information is available regarding the outstanding accounts receivable of company XYZ at May 31, 2020 Customers March X $ 940 Y $ 880 Z S 1230 Assume n/30 credit term April 1520 0 900 May 1300 0 1500 June 0 1500 2000 Estimates of bad debt using the following Not Due 1-29 after due 30-59 after due 12% 21% 5% 60-89 after due 30% >90 days after due 50% The company had a debit balance of ADA of $1100 REQUIRED A. Calculate the desired balance B. Use T - A/C to find the bad debts C. Journalize D. Give the balance sheet extract of Net Realizable Value Section 2 AGING METHOD The following information is available regarding the outstanding accounts receivable of company XYZ at May 31, 2020 Customers March X $ 940 Y $ 880 Z S 1230 Assume n/30 credit term April 1520 0 900 May 1300 0 1500 June 0 1500 2000 Estimates of bad debt using the following Not Due 1-29 after due 30-59 after due 12% 21% 5% 60-89 after due 30% >90 days after due 50% The company had a debit balance of ADA of $1100 REQUIRED A. Calculate the desired balance B. Use T - A/C to find the bad debts C. Journalize D. Give the balance sheet extract of Net Realizable Value