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The following accounts receivable information pertains to Select Distributors. Past Due Category, Accounts Receivable Total, Uncollectible Percentage, respectively are: 0 3 0 days, $ 9
The following accounts receivable information pertains to Select Distributors.
Past Due Category, Accounts Receivable Total, Uncollectible Percentage, respectively are: days, $ percent; days, percent; Over days, percent.
Determine the estimated uncollectible bad debt for Select Distributors in using the balance sheet aging of receivables method.
Record the yearend adjusting journal entry for bad debt.
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