At December 31, 2016, Crawford Ltd. had a credit balance of 15,000 in Allowance for Doubtful Accounts.

Question:

At December 31, 2016, Crawford Ltd. had a credit balance of £15,000 in Allowance for Doubtful Accounts. During 2017, Crawford wrote off accounts totaling £14,100. One of those accounts (£1,800) was later collected. At December 31, 2017, an indicated that the balance in Allowance for Doubtful Accounts should be £17,800.
Instructions
Prepare journal entries to record the 2017 transactions of Crawford Ltd.
Aging Schedule
Aging schedule is an accounting table that shows a company’s account receivables. It is an summarized presentation of accounts receivable into a separate time brackets that the rank received based upon the days due or the days past due. Generally...