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show all the work and type it out so i can copy and paste. thank you very much An aging analysis of Andre Limited's accounts

show all the work and type it out so i can copy and paste. thank you very much image text in transcribed
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An aging analysis of Andre Limited's accounts receivable at December 31, 2018 and 2017, showed the following: Question 37 Not yet answered Marked out of 17.00 P Flag question Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible 2017 0-30 days 31-60 days 61-90 days Over 90 days Total 2018 $340,000 147.333 87.833 48,167 $623.333 $320.000 125,091 75.636 32,000 $552,727 3% 6% 12% 20% Additional information: 1. At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $3,000. 2. In 2018, $28,000 of accounts were written off as uncollectible and $3,000 of accounts previously written off were recovered. 3. Net credit sales in 2017 and 2018 were $1,573,042 and $1,768,124 respectively. Andre Limited uses the percentage of receivables method to account for bad debts. Instructions: a) Calculate the estimated uncollectible accounts at December 31, 2017 and 2018. The estimated percentages uncollectible are the same for both years. (2 marks) b) Record the adjusting entry relating to bad debts on December 31, 2017 (2 marks) C) Record the write off of uncollectible accounts in 2018. (1 mark) d) Record the collection of accounts previously written off in 2018. (2 marks) e) Prepare the adjusting entry relating to bad debts on December 31, 2018. (3 mark) f) Create the T-account for the Allowance for Doubtful Accounts from January 1, 2018 - December 31, 2018. You do not need to put the dates of the entry, simply the opening balance, amount of the debit or credit, and ending balance. (3 marks) g) Calculate the carrying amount of accounts receivable at December 31, 2017 and 2018. (2 marks) h) Calculate the difference in the bad debts expense for fiscal 2017 had management estimated percentage uncollectible to be 1.5% of net credit sales and used the percentage of net sales method? (2 marks) [Note - Please do not respond to this question in the text box below. Instead, utilize a word document, excel, or photos of your hand-written work. Please submit your work to the Written Work Submission under Week 10 of Moodle. Thank you

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