Following is a list of credit customers along with their amounts owed and the days past...

Transcribed Image Text:

Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts receivable and estimated bad debts percent for each class. Days Past Due 31 to 6e ON 1 to 30 61 to 0 Over 06 Percent uncollectible Custoner BcC Company Lannister Coapany Mike Properties Ted Reeves Jen Steffens Accounts Receivable Days Past Due $ 5, 000 2, 900 6, 900 1, 600 3,900 15 11e 75 43 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Caliculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $290, record the required adjustment to the Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Create an aging of accounts receivable schedule of accounts recelvable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. Esmaled balance for Alowance for Doutrhul Accounts Following is a list of credit customers along with their amounts owed and the days past due at December 31. Also shown are five classifications of accounts receivable and estimated bad debts percent for each class. Days Past Due 31 to 6e ON 1 to 30 61 to 0 Over 06 Percent uncollectible Custoner BcC Company Lannister Coapany Mike Properties Ted Reeves Jen Steffens Accounts Receivable Days Past Due $ 5, 000 2, 900 6, 900 1, 600 3,900 15 11e 75 43 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Caliculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $290, record the required adjustment to the Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Create an aging of accounts receivable schedule of accounts recelvable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. Esmaled balance for Alowance for Doutrhul Accounts

Answer rating: 100% (QA)

Answer Solution Date Reg 1 Aging of accounts Rocivable December ... View the full answer