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Wildhorse Couses an aging schedule at December 31 Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total Accounts Receivable $265,400
Wildhorse Couses an aging schedule at December 31 Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total Accounts Receivable $265,400 71,000 45.100 19,800 $401,300 Estimated % Uncollectible 1% 2% 11% 19% Estimated Uncollectible Accounts $2,654 1.420 4.961 3,762 $12.797 Assuming the allowance for doubtful accounts has an unadjusted credit balance of $5,290 at December 31, what is the bad debt expense for the year? Bad debt expense $ $ Prepare the current assets section of the balance sheet for Wildhorse Co. Assume that, in addition to the receivables, it has cash of $81,800, merchandise inventory of $134,000, and prepaid insurance of $9,700. (List Current Assets in order of liquidity:) WILDHORSE Co. Balance Sheet (Partial) Assets $
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