Question: Problem 8-3A (Part Level Subrn Presented below is an aging schedule for Bosworth Company Part Level Submission Number of Days Past Due Not Yet Due

 Problem 8-3A (Part Level Subrn Presented below is an aging schedule

for Bosworth Company Part Level Submission Number of Days Past Due Not

Problem 8-3A (Part Level Subrn Presented below is an aging schedule for Bosworth Company Part Level Submission Number of Days Past Due Not Yet Due Over 90 1-30 31-60 61-90 Customer Aneesh Bird Cope DeSpears Others Total $24,000 30,000 50,000 38,000 120,000 $2600 9,000 15,000 30,000 5,000 5,000 $40,000 $38,000 72,000 35,000 13,000 107,000 $49,000 $28,000 $40,000 $38,000 60% 9,600 $22,800 st 54,000 $28,000 $40,000 $38,000 . - Estimated percentage uncollectible Total estimated bad debts 3% 12% 24% 42,400 3,210 $3,430 $3,360 At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!