Delcom had total accounts receivable on December 31, 2023, of $160,000 aged as follows: Prepare the December
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Delcom had total accounts receivable on December 31, 2023, of $160,000 aged as follows:
Prepare the December 31, 2023, 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, 2023 Accounts Receivable Age of Accounts Receivable $110,000 Not due (under 45 days) 40,000 1 to 30 days past due 10,000 Over 30 days past due Expected Percentage Uncollectible 2% 5% 40%
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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