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You were recently promoted to staff accountant and given the responsibility of maintaining A/R and allowance for doubtful accounts. Your current A/R total is

You were recently promoted to staff accountant and given the responsibility of maintaining A/R and allowance 

You were recently promoted to staff accountant and given the responsibility of maintaining A/R and allowance for doubtful accounts. Your current A/R total is $181,225.00. See below and calculate the information that is needed for bad debt. Be sure to show the individual aging allowance amount for every again interval. A/R Details are as follows Aging Amount Current $52,225.00 1-30 $37K 31-60 $17K 61-90 $45K 90> $30K Percentage 1% 5% 15% 25% 90% Allowance Amount Current Allowance balance as of 1/1/2017 $30,175.00 1. What is the Journal entry for the amount for bad debt 1/31/20xx for this A/R? 2. What is the NRV at the end of the month?

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