Question: Current: $ 6 0 , 0 0 0 at 2 % Aging of A R 3 1 - 6 0 Days: $ 4 0 ,

Current: $60,000 at 2%
Aging of AR
31-60 Days: $40,000 at 5%
Credit balance of $6,000
Over 60 Days: $20,000 at 12%
Then:
Show your bad debt calculation
Record the adjusting journal entry
Current: $ 6 0 , 0 0 0 at 2 % Aging of A R 3 1 -

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