Question: ive added part B b Journalize the transaction showing the interest owing on the 86th day. Assume the 86th day is Feb 28 Date 2021

ive added part B ive added part B b Journalize the transaction showing the interest owing

b Journalize the transaction showing the interest owing on the 86th day. Assume the 86th day is Feb 28 Date 2021 Particulars PR Debit Credit 2m As an overdue account becomes more overdue with time, what happens to the probability of the account being paid at all? 1m b How is the increase in overdue time reflected in the actual percentage of uncollectible accounts? character For

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