Question

Examine the following information about Weyakwin Inc. (Weyakwin):
i. Ending balance in allowance for uncollectible accounts on April 30, 2017? $67,800 (credit balance).
ii. Accounts receivable written off during the year ended April 30, 2018?$58,000.
iii. Aging schedule for accounts receivable outstanding on April 30, 2018:



Required:
a. What amount of closing accounts receivable is estimated to be uncollectible on April 30, 2018?
b. Prepare the journal entry required to record the bad debt expense for Weyakwin for the year ended April 30, 2018.
c. What are some possible explanations for the change in the allowance account be tween April 30, 2017 and April 30, 2018?


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  • CreatedFebruary 26, 2015
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