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Taping Company has the following data: Sales on credit Accounts Receivable at 12/31 $942,000 $384,000 Allowance for Doubtful Accounts at 12/31 $ 3,800 before adjusting
Taping Company has the following data: Sales on credit Accounts Receivable at 12/31 $942,000 $384,000 Allowance for Doubtful Accounts at 12/31 $ 3,800 before adjusting entrie SHOW ALL CALCULATIONS Assume instead the company uses the aging method. Ignore part (a). The accounts receivable are aged as follows: ARS % Uncollectible 1-30 days $290,000 2.8% 31-60 days $ 88,000 9% 61-90 days $ 6,000 38% $384,000 1) Calculate the ending balance of the allowance for doubtful accounts. 6 points 2) Prepare the year-end adjusting entry assuming Worcester Company uses the aging method to estimate uncollectibles counts receivable. 4 points Bylist 3 (12pt) E - T- TT TT Paragraph Arial % DO QEE 14 Mashups HTHL ESS anantial i Rolde
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