Question

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the On December 31, 2011. A c eable balance of Alpha Company is $200.000. The lowance for choon te vew the song whee) Read the has a 10.000 eura Company presne o g nyheder Requirement 1. Jouw the year-end Begin by recording year-end du gery force entry for s on the base on the Co the journal Record then redes Exclude u nding om w of the lowe e es) red to the n o rthew Desember 11, 2018 Now calon Teng ending t e vang the following - Choose from any store any rumber in the input fields and then

Answer 1

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Allowance for Doubtful Accounts that should be as on Dec 31, 2018.
	A	B	C=A*B
Days Account Outstanding	Amount	Uncollectible %	Allowance for Doubtful Accounts
1-30 Days	160,000.00	0.9%	1,440.00
31-60 Days	55,000.00	2%	1,100.00
61-90 Days	30,000.00	7%	2,100.00
Over 90 days	18,000.00	50%	9,000.00
	263,000.00		13,640.00
Answer to Requirement 1
Bad debt expense for Dec 31, 2018.
Allowance for Doubtful Accounts	13,640.00	See C
Already in the books	1,800.00	D
Bad debt expense for Dec 31, 2018	11,840.00	E=C-D
Adjusting Entry
Account	Debit $	Credit $
Bad debt expense	11,840.00
Allowance for doubtful account		11,840.00
T account
Allowance for doubtful account
Account	Debit $	Credit $
Balance before adjustment		1,800.00
Adjustment entry		11,840.00
Balance after adjustment		13,640.00
Answer to Requirement 2
Bad debt expense for Dec 31, 2018.
Allowance for Doubtful Accounts	13,640.00	See C
Already in the books	(1,000.00)	F
Bad debt expense for Dec 31, 2018	14,640.00	G=C-D
Adjusting Entry
Account	Debit $	Credit $
Bad debt expense	14,640.00
Allowance for doubtful account		14,640.00
T account
Allowance for doubtful account
Account	Debit $	Credit $
Balance before adjustment	1,000.00
Adjustment entry		14,640.00
Balance after adjustment		13,640.00