Question: All info provided in the question is there The manager asks you to assist her with the data analytics on bad debts expense at year-end.

 All info provided in the question is there The manager asks
you to assist her with the data analytics on bad debts expense
at year-end. To do this, you access the following Tableau Dashboard for
your company. Accounts Receivable (\$) Percent Uncollectible by Age 70% 50% 10%
of 1.30 days 31-60 diys 6190 days Over 90 day past due
post due. +abeau Makeup of Total Sales Percent Uncollectible by Accounts 1.
All info provided in the question is there

The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Accounts Receivable (\$) Percent Uncollectible by Age 70% 50% 10% of 1.30 days 31-60 diys 6190 days Over 90 day past due post due. +abeau Makeup of Total Sales Percent Uncollectible by Accounts 1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. 2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts recelvables method. 3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts recelvables method. 4. Based on further analysis, assume we find that the percentages in the graphic "Percent Uncollectible by Age" are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages? Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts recelvables method. Journal entry worksheet Record the estimated bad debts. Note: Enter detits before credits. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts receivables method. Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!