Question: eni OS 8-9 Aging analysis LO 2,3 Delcom had total accounts receivable on December 31, 2020, of $160,000 aged as follows: December 31, 2020 Accounts

eni OS 8-9 Aging analysis LO 2,3 Delcom had total accounts receivable on December 31, 2020, of $160,000 aged as follows: December 31, 2020 Accounts Receivable Age of Accounts Receivable Expected Percentage Uncollectible $110.000 40.000 10.000 2% Not due (under 45 days) 1 to 30 days past due Over 30 days past due 59 40% Prepare the December 31, 2020, adjusting entry to estimate uncollectible accounts receivable assuming an unadjusted credit balance in Allowance for Doubtful Accounts of $800. OS 8-10 Direct write-off method 103
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
