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Use the following to answer questions 8-11 The following information pertains to JR, Inc. for the month of November: Credit sales Accounts payable Accounts receivable
Use the following to answer questions 8-11 The following information pertains to JR, Inc. for the month of November: Credit sales Accounts payable Accounts receivable Allowance for Uncollectible accounts Cash sales $700,000 42,000 68,000 600 200,000 credit JR uses the percent of receivables method and estimates it will not collect 5% of accounts receivable. Chapter 5 Page 5-1 8. $ Determine the ending balance for the Allowance for Uncollectible Accounts 9. $_ Determine the appropriate amount to record for Bad Debt expense 10. $. Assuming the Allowance for Uncollectible accounts had a $200 debit balance instead, determine the amount to record for Bad Debt expense 11. $ After recording bad debt expense the Net Accounts Receivable is
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