Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy

Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2015:

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

For this one I couldn't figure out what to do to get the totals(that are blank) and the estimate of uncollectible accounts.

image text in transcribed

need help with this as well.

image text in transcribed

Instructions Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2015 Not Past Due 20,000.00 Days Past Due Days Past Due Days Past Due Days Past Due ys Past Due Customer Balance 1-30 31-60 61-90 91-120 Over 120 AAA Outfitters 20,000.00 Brown Trout Fly Shop 7,500.00 7,500.00 8 Zigs Fish Adventures 4000.00 4000.00 Subtotals 300,000.00 750,000.00 90,00000 120,00000 40,000.00 20,000.00 80,000.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Auditing Of ERP Systems

Authors: Yusufali F. Musaji

1st Edition

0471235180, 978-0471235187

More Books

Students also viewed these Accounting questions