Question: Question 11 of 12) & Save & E Sub 11. 15.00 points Pachel Corporation reports the following information pertaining to its accounts receivable Current S

 Question 11 of 12) & Save & E Sub 11. 15.00

Question 11 of 12) & Save & E Sub 11. 15.00 points Pachel Corporation reports the following information pertaining to its accounts receivable Current S 60 000 1-30 S 40 000 Days Post Due 31-50 51-90 $25 O S 12 000 Over 90 $ 2 000 The company's credit department provided the following estimates regarding the percent of accounts expected to eventually be wintten off from each category listed above Current t ables Outstanding Receivables 1-30 days past due Receivables 31-60 days past due Receivables 61-90 days past due Receivables over 90 days past due 18 40 90 The company uses a statement of financial position approach to estimate credit losses a. Record the company's impairment loss of receivable, assuming it has a $1.400 credit balance in its Allowance for Impairment prior to making the necessary adjustment (Omit the "$" sign in your response.) Debit Credit General Journal (Click to select) (Click to select) b. Record the company's impairment loss of receivable, assuming it has A $1.600 debut balance in its Allowance for impairment prior to making the necessary Aditment (Omit the "$" sign in your response.) Debit Credit General Journal (Click to select) (Click to select) 2020 Me n Achterpcerved

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