As of 12/31/22, Pawnee Corp. has A/R of $500,000. The company splits its accounts receivables into...

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As of 12/31/22, Pawnee Corp. has A/R of $500,000. The company splits its accounts receivables into three age categories and estimates probable uncollectability for each category: Age A/R Amount % Uncollectable Not yet due $400,000 1% Up to 90 days past due 80,000 10% Over 90 days past due 20,000 30% Total $500,000 As of 12/31/22, Pawnee Corp's Allowance for Doubtful Accounts has a credit balance of $1,000 before any adjusting entries. What will be the ending.balance in the Allowance for Doubtful Accounts after Pawnee Corp. records adjusting entries for 2022? Enter your answer as a positive number in the box below. As of 12/31/22, Pawnee Corp. has A/R of $500,000. The company splits its accounts receivables into three age categories and estimates probable uncollectability for each category: Age A/R Amount % Uncollectable Not yet due $400,000 1% Up to 90 days past due 80,000 10% Over 90 days past due 20,000 30% Total $500,000 As of 12/31/22, Pawnee Corp's Allowance for Doubtful Accounts has a credit balance of $1,000 before any adjusting entries. What will be the ending.balance in the Allowance for Doubtful Accounts after Pawnee Corp. records adjusting entries for 2022? Enter your answer as a positive number in the box below.

Answer rating: 100% (QA)

Estimated Accounts Estimated uncollectible Age uncollectible rec... View the full answer