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Show all work please 14. Hachey Company has accounts receivable of $95,100 at March 31, 2014. An analysis of the accounts shows these amounts. Balance,
Show all work please
14. Hachey Company has accounts receivable of $95,100 at March 31, 2014. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2013 March February December and Januarv November and October $65,000 $75,000 8,000 2,400 1100 12,600 10,100 7,400 Credit terms are 2/10, n/30. At March 31,2014, there is a $2,500 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage of receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below Estimated Percentage Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Uncollectible 2% 7 25 50 What adjusting entry will the Company make on March 31, 2014 to recognize bad debt expense? a. Bad Debt Expense b. Bad Debt Expense c. Bad Debt Expense d. Bad Debt Expense Allowance for Doubtful Accounts Allowance for Doubtful Accounts Accounts Receivable Accounts Receivable 5,907 8,407 5,907 8,407 5,907 8,407 5,907 8,407Step by Step Solution
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