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Use the following to answer questions 8-11 The following information pertains to the company for the month of November: The company uses the percent of
Use the following to answer questions 8-11 The following information pertains to the company for the month of November: The company uses the percent of receivables method and estimates it will not collect 9% of accounts receivable. 8. \$_5400 Determine the ending balance for the Allowance for Uncollectible Accounts 9. \$_5400 Determine the appropriate amount to record for Bad Debt expense 10. $_5000 Assuming the Allowance for Uncollectible accounts had a $600 debit balance instead of the previous credit balance, determine the amount to record for Bad Debt expense 11. $ After recording bad debt expense, the Net Accounts Receivable is: Use the following to answer questions 1215 December 31, the company reported accounts receivable of $120,000 and an allowance for uncollectible accounts of $1,000 (credit). An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 8% of accounts receivable. 12. $ Estimate the amount of uncollectible receivables: 13. : When recording the adjusting entry for bad debt expense how much should Allowance for Uncollectible accounts be credited? 14. On January 10 , a customer's account balance of $1,000 is written off as uncollectible. Record the write-off. 15. If Net Accounts receivable were $100,000 before the write-off, how much are Net Accounts receivable AFTER the write-off
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