Vandalay Industries has a past history of uncollectible accounts, as shown below. Estimate the allowance for doubtful

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Vandalay Industries has a past history of uncollectible accounts, as shown below. Estimate the allowance for doubtful accounts, based on the aging-of-receivables schedule you completed in Exercise 9-8.

Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due

Data From Exercise 9-8:

The accounts receivable clerk for Vandalay Industries prepared the following partially completed aging-of-receivables schedule as of the end of business on November 30.

A Customer 1 Aaron Brothers Inc. 2 Abell Company 21 Zollo Company 22 Subtotals B Balance 2,000 1,500 D Not

The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above:

Customer Tamika Industries Ruppert Company Welborne Inc. Kristi Company Simrill Company Balance $25,000 8,500

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Dec 02, 2023 08:56 AM

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Vandalay Industries has a past history of uncollectible accounts, as shown below. Estimate the allowance for doubtful

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To estimate the allowance for doubtful accounts based on the agingofreceivables schedule we need to calculate the estimated uncollectible amounts for ...View the full answer

Accounting

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