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QS 7-9 Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw...


QS 7-9 Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following
1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the
QS 7-9 Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $115,200 $80,000 1x 1 to 30 $18,000 3x 31 to 60 $ 7,200 5% 61 to 90 $ 4,000 8 Over 90 $ 6,000 11% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 credit Complete this question by entering your answers in the tabs below. ces Reg 1 Reg 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Accounts Percent receivable uncollectible (0) Not due 1 to 30 31 to 60 X 61 to 90 X Over 90 Estimated balance of allowance for uncollectibles $ Req2 >
1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Acco is a $1,000 credit Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 credit. View transaction list Journal entry worksheet > nces Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,000 credit balance. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clearly
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