Presented below is an aging schedule for Pronghorn Corp. Customer Accounts receivable Estimated percentage uncollectible Total...
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Presented below is an aging schedule for Pronghorn Corp. Customer Accounts receivable Estimated percentage uncollectible Total estimated bad debts Total $257,900 $41,509 Not Yet Due $108,100 3% $3,243 1-30 $47,800 6% $2.868 Number of Days Past Due 61-90 $39,900 31-60 $27,400 13% $3,562 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is $7,200. 25% $9,975 Over 90 $34,700 63% $21,861 Indicate the amount of bad debt expense for the year ending December 31, 2021, and the cash realizable value of Accounts Receivable Presented below is an aging schedule for Pronghorn Corp. Customer Accounts receivable Estimated percentage uncollectible Total estimated bad debts Total $257,900 $41,509 Not Yet Due $108,100 3% $3,243 1-30 $47,800 6% $2.868 Number of Days Past Due 61-90 $39,900 31-60 $27,400 13% $3,562 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is $7,200. 25% $9,975 Over 90 $34,700 63% $21,861 Indicate the amount of bad debt expense for the year ending December 31, 2021, and the cash realizable value of Accounts Receivable
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Determine the bad debt expense for the year ending December 31 2021 and the cash realizable value of ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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