Enter the items that have been written off as bad debt should have the amount of the
Question:
Peter's notes
'Customer A - The local pub, always pays on time
'Customer B - Small restaurant, has been a customer for a while and has always paid on time but as of late the payments have been getting delayed and there is a rumour that they might be closing for good. I think there is a 50/50 chance that they will not pay.
Customer C - New private customer only provided supply last week.
Customer D - A nightclub, have been trying to get in touch with them but they have not been answering the phone as of late and it directly goes to voice mail. The phone number for the nightclub seems to have changed when searching for it on the internet so I dialled the new number and there were new people at the club. They said the old owners sold the club to them and moved back to Russia. I have no way of contacting them now so it looks like I will not get paid for that job.
'Customer E - A new commercial hotel for which I have only done two orders, they have been around a while so there should be no problems there.
Customer | Inv Number | Total | 0 to 30 | 30 to 60 | 60 to 90 | 90+ | Bad debt write off |
Customer A | 765 | 2,400.00 | 2,400.00 | ||||
Customer A | 715 | 3,600.00 | 3,600.00 | ||||
Customer A | 725 | 1,000.00 | 1,000.00 | ||||
Customer B | 284 | 5,000.00 | 5,000.00 | ||||
Customer C | 753 | 2,700.00 | 2,700.00 | ||||
Customer D | 633 | 2,450.00 | 2,450.00 | ||||
Customer E | 707 | 6,300.00 | 6,300.00 | ||||
Customer E | 716 | 4,500.00 | 4,500.00 | ||||
- | |||||||
27,950.00 | 14,200.00 | 6,300.00 | 5,000.00 | 2,450.00 | - | ||
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas