Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the accounts...
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Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Balance $114,000 24,000 13,000 10,000 $161,000 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,830 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: Number of Days Outstanding Estimated % Uncollectible 0-30 1% 31-60 10% 61-90 25% Over 90 60% (a) (b) (c) Prepare the adjusting entry at September 30 to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles Sept. 30 Debit Credit Sunland Company has accounts receivable of $161,000 at September 30, 2024. An analysis of the accounts shows the following: Month of Sale September August July April, May, and June Balance $114,000 24,000 13,000 10,000 $161,000 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2024, is $1,830 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: Number of Days Outstanding Estimated % Uncollectible 0-30 1% 31-60 10% 61-90 25% Over 90 60% (a) (b) (c) Prepare the adjusting entry at September 30 to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles Sept. 30 Debit Credit
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