An aging analysis of Uli Limited's accounts receivable at December 3 1 , 2 0 2 4
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Question:
An aging analysis of Uli Limited's accounts receivable at December and showed the following:
Number of Days
Outstanding
Accounts Receivable
Estimated
Percentage Uncollectible
days
$
$
days
days
Over days
Total
$
$
Additional information:
At December the unadjusted credit balance in Allowance for Expected Credit Losses was $
In $ of accounts were written off as uncollectible and $ of accounts previously written off were recovered Record the collection of accounts previously written off in List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Account Titles and Explanation
Debit
Credit
to reverse write off accounts
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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