n The September 30, 2019, records of Up To Date Communications include these accounts (Click the icon
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The September 30, 2019, records of Up To Date Communications include these accounts (Click the icon to view the accounts.) During the year, Up To Date Communications estimates Uncollectible-account expense at 1% of credit sales. O (Click the icon to view the allowance information) Wrote off as uncollectible the $1,600 account receivable from Black Carpets and the $600 account receivable from Good Antiques. Journal Entry Date Debit Credit Accounts 30 Allowance for Uncollectible Accounts Nov 2,200 Accounts Recervable-Black Carpets 1,600 Accounts Receivable-Good Antiques 600 Adjusted the Allowance for Uncollectible Accounts and recorded doubtful-account expense at year-end, based on the aging oft receivatiles Journal Entry Date Accounts Debit Credit Dec 31 Uricollectible Account Expense Allowance for Uncollectible Accounts 3 Choose from anv list or enter any number in the Input fields and then click Check Answer. eceivable from Good Antiques. Data Table Accounts Receivable. 248,000 Allowance for Uncollectible Accounts (8,100) Print Done ebit 3 More Info At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $234,000 2$ 130,000 $ 38,000 S 15,000 $ 51,000 Estimated percent uncollectible 0.2% 2% 15% 35% Print Done Carpets and the $600 account receivable from Good Antiques. O More Info - X %3D Nov 30 Wrote off as uncollectible the $1,600 account receivable from Black Carpets and the $600 account receivable from Good Antiques. Dec 31 Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables Print Done d then click Check Answer. The September 30, 2019, records of Up To Date Communications include these accounts (Click the icon to view the accounts.) During the year, Up To Date Communications estimates Uncollectible-account expense at 1% of credit sales. O (Click the icon to view the allowance information) Wrote off as uncollectible the $1,600 account receivable from Black Carpets and the $600 account receivable from Good Antiques. Journal Entry Date Debit Credit Accounts 30 Allowance for Uncollectible Accounts Nov 2,200 Accounts Recervable-Black Carpets 1,600 Accounts Receivable-Good Antiques 600 Adjusted the Allowance for Uncollectible Accounts and recorded doubtful-account expense at year-end, based on the aging oft receivatiles Journal Entry Date Accounts Debit Credit Dec 31 Uricollectible Account Expense Allowance for Uncollectible Accounts 3 Choose from anv list or enter any number in the Input fields and then click Check Answer. eceivable from Good Antiques. Data Table Accounts Receivable. 248,000 Allowance for Uncollectible Accounts (8,100) Print Done ebit 3 More Info At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $234,000 2$ 130,000 $ 38,000 S 15,000 $ 51,000 Estimated percent uncollectible 0.2% 2% 15% 35% Print Done Carpets and the $600 account receivable from Good Antiques. O More Info - X %3D Nov 30 Wrote off as uncollectible the $1,600 account receivable from Black Carpets and the $600 account receivable from Good Antiques. Dec 31 Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables Print Done d then click Check Answer.
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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