b c Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the

 

b

c

  
 

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Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Number of Days Outstanding 0-30 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,830 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: 31-60 61-90 Balance $114,000 24,000 13,000 Over 90 10,000 $161,000 Estimated % Uncollectible 1% 10% 25% 60% Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Number of Days Outstanding 0-30 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,830 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: 31-60 61-90 Balance $114,000 24,000 13,000 Over 90 10,000 $161,000 Estimated % Uncollectible 1% 10% 25% 60%

Answer rating: 100% (QA)

a Aging Schedule to Determine Uncollectible Accounts at September 30 2024 Age of accounts 030 days o... View the full answer