Below is the summarized data of Jardine Company's aging of Accounts Receivable at December 31, 2022:...

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Below is the summarized data of Jardine Company's aging of Accounts Receivable at December 31, 2022: (b) (c) Experience rate Required allowance Not due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due 181-365 days past due (a) Balance 100,000.00 350,000.00 730,000.00 960,000.00 990,000.00 820,000.00 3,950,000.00 1% 2% 5% 10% 15% 25% ? The Allowance for Doubtful Accounts has a credit balance of P300,000 before adjustment. Required 1) How much is the Required Allowance for Doubtful Accounts at the end of the period? Required 2) How much is Doubtful Accounts Expense? Below is the summarized data of Jardine Company's aging of Accounts Receivable at December 31, 2022: (b) (c) Experience rate Required allowance Not due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due 181-365 days past due (a) Balance 100,000.00 350,000.00 730,000.00 960,000.00 990,000.00 820,000.00 3,950,000.00 1% 2% 5% 10% 15% 25% ? The Allowance for Doubtful Accounts has a credit balance of P300,000 before adjustment. Required 1) How much is the Required Allowance for Doubtful Accounts at the end of the period? Required 2) How much is Doubtful Accounts Expense?

Answer rating: 100% (QA)

To determine the required allowance for doubtful accounts we need to multiply each balance by its co... View the full answer