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W Documents Sect W Larson Compa..ded December Q Document2 PO 0 2 Home Insert Page Layout Calibri (Body) 10 AA T E Format BIU.AXX, A.
W Documents Sect W Larson Compa..ded December Q Document2 PO 0 2 Home Insert Page Layout Calibri (Body) 10 AA T E Format BIU.AXX, A. ak. AA E Painter References . E Review A E . View AL . ALLOWANCE FOR DOUBTFUL DEBTS Johnson & Co, Inc. has total trade receivables of 52.800 on 31 December 2017 and 1448 as balance on the provision for doubtful debts account before adjustments for the year ended 31 December 2017. An analysis of debtor's (credit customers) revealed the following: Age of debt Amount 2 to 3 months 10,500 3 to 6 months 2,400 6 to 12 months 1,500 12 months 3,200 The remaining amount was aged less than 2 months The company has a policy for calculating provision for doubtful debts as follows: Age of debt Provision for doubtful debts Up to 2 months 296 2 to 3 months 5% 3 to 6 months 10% 6 to 12 months 2096 12 months 3036 Required: Calculation of the provision for doubtful debts on 31 December 2017 The adjustment to profit for provision for doubtful debts on 31 December 2017 The provision for doubtful debts account She
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