Manilow Hardware Accounts Accounts Receivable Age Portion expected Allowance required hint (b*c) Journal Entry 0- 20 days $92,600 0.03 $2,778 Date Particulars Debit ($) Credit ($) 21 - 40 days 12,700 0.09 $1,143 Allowance for doubtful accounts $9,400 41-60 days 17,800 0.14 $2,492 Accounts Recieveable $9,400 over 60 days 2,100 0.30 $630 TOTAL $125,200 $7,043 POST ADJUSTMENT Amount ($) Portion Expected Allowance Required ($) hint G * H 0- 20 days $92,600 0.03 $2,778 21 - 40 days 12,700 0.09 $1,143 41-60 days 17,800 0.14 $2,492 over 60 days 2,100 0.30 $630 Total $7,043 Allowance for Doubtful Account Particulars Amount ($) Particulars Amount ($) Opening Balance 550 Bad debts 16,993 Write Off $9,400 Post adjustment balance $7,043 Journal Entry Date Particulars Debit ($) Credit ($) Allowance for doubtful accounts $16,993 A/R-(Being written off of payment) $16,993 What advice would you give Danielle about her doubtful accounts?

Answer rating: 100% (QA)

Based on the information provided it appears that Danielle who works at Manilow Hardware is managing the doubtful accounts for the company Heres some ... View the full answer