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The following selected transactions were taken from the records of Rustic Tables Company for the yeer ending December 31 June 8. Wrote off account of
The following selected transactions were taken from the records of Rustic Tables Company for the yeer ending December 31 June 8. Wrote off account of Kathy Quantel, 55,810. Received f4, 130 as partial payment on the 10,400 account of Rosalie Oakes, wrote off the remaining balance as uncollectible. Received the $5,810 from Kathy Quantel, which had been written off on June 8. Reinstated the account and recorded the cash receipt. Oct. 16. Dec. 31. Wrote off tha folloning accounts as uncollactible (record as one journal antry) Wade Dolan Grag Gagne Amber Kisko Shannon Poole Niki Spence $1.680 1,050 4.010 2,320 640 Dec. 31 If necessary, record the yeor-end adjusting entry for the uncollectble accounts The company propared the following aging schedule for its accounts receivable Estimated Percent of Aging Class (Number of Days Past Due) on December 31 0-30 days 31-60 days 61-90 days 91-120 days More than 120 days Total racaivabla: 3 96 $279.000 105,o00 33,000 12,000 17,000 $446,000 25 50 80 Check My Work Previous Next All work saved Save and Exit Submit t for Grading
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