Question
Zein Company decides to use the percentage of receivable basis to estimate its bad debt expense on December 31, 2018. The missing amounts on the
Zein Company decides to use the percentage of receivable basis to estimate its bad debt expense on December 31, 2018.
The missing amounts on the schedule are the six lettered (A till F) ONLY. All the other blank cells have no value (should stay blank).
Missing amount, A is: *
$ 2,000
$1,000
$ 7,400
$ 2,700
None of the above
Missing amount, B is: *
$ 2,200
$100
$ 2,100
$ 4,300
None of the above
Missing amount, C is: *
$ 3,000
$2,300
$ 1,300
$ 7,700
None of the above
Missing amount, D is: *
4 %
9 %
10 %
2 %
None of the above
Missing amount, E is: *
$ 220
$ 2,200
$ 220,000
$ 22
None of the above
Missing amount, F is: *
$ 1,573
$ 1,735
$ 1,537
$ 3,715
Customer Name Not Yet Due Number of Days Past Due 31-60 61-90 Total 1-30 Over 90 Ahmad A $ 1,500 $ 1,200 $4,700 B Elie $ 2,200 1,000 500 $ 600 Farah 300 500 600 1,000 2,400 Total 2,200 3,000 2,300 1,600 11,400 Estimated percentage 1% 5% D 20% 40% Estimated Bad Debt E $115 $300 $460 S640 F
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