On December 31 an aging of receivables revealed the following Age in days Amount % Uncollectible 0-30

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On December 31 an aging of receivables revealed the following

Age in days Amount % Uncollectible

0-30 400,000 0.5%

31-60 100,000 1.5

61-90 60,000 10.0

91-120 20,000 50.0

Over 120 0 99.0

The allowance for doubtful accounts has an unadjusted debit balance of $200.

Record the year end adjusting entry for uncollectible accounts.

Related Book For answer-question

South Western Federal Taxation 2015 Essentials of Taxation Individuals and Business Entities

ISBN: 9781285438290

18th edition

Authors: James Smith, William Raabe, David Maloney, James Young

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Posted Date: Oct 15, 2020 10:30 PM

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On December 31 an aging of receivables revealed the following Age in days Amount % Uncollectible 0-30

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South Western Federal Taxation 2015 Essentials of Taxation Individuals and Business Entities

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