b c Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the
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Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Number of Days Outstanding 0-30 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,830 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: 31-60 61-90 Balance $114,000 24,000 13,000 Over 90 10,000 $161,000 Estimated % Uncollectible 1% 10% 25% 60% Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Number of Days Outstanding 0-30 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,830 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: 31-60 61-90 Balance $114,000 24,000 13,000 Over 90 10,000 $161,000 Estimated % Uncollectible 1% 10% 25% 60%
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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