Delcom had total accounts receivable on December 31, 2014, of $160,000 aged as follows: Prepare the December
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Prepare the December 31, 2014, adjusting entry to estimate uncollectible accounts receivable assuming an unadjusted credit balance in Allowance for Doubtful Accounts of $800.
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December 31, 2014 Accounts Receivable Age of Accounts Expected Percentage Uncollectible Receivable $110,000 Not due (under 45 days) 2% 5% 40% 1 to 30 days past due 40,000 10,000 Over 30 days past due
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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