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Check my wor 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts recelvable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts Is a $1,800 credit. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance it Accounts is a $1,800 credit. View transaction list Journal entry worksheet 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,800 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31

Check my wor 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts recelvable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts Is a $1,800 credit. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance it Accounts is a $1,800 credit. View transaction list Journal entry worksheet 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,800 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 4P: Halpern Companys controller prepared the following income statement and balance sheet at the end of...
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Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis.
 

    Days Past Due  
       
  Total   0 1 to 30 31 to 60 61 to 90 Over 90  
Accounts receivable $ 143,000   $ 88,000     $ 26,000     $ 11,000     $ 8,000     $ 10,000    
Percent uncollectible         1 %     4 %     6 %     9 %     12 %  
 


1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method.
2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $1,800 credit.

Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due 1 to 30 $26,000 4% Total 31 to 60 61 to 90 Over 90 $143,000 $88,000 $11,000 $8,000 $10,000 12 Accounts receivable Percent uncollectible 1% 6% 9% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts Is a $1,800 credit. Complete this question by entering your answers in the tabs below. Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,800 credit balance. Req 1 Req 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts rece Accounts Percent receivable uncollectible (%) Not due: 1 to 30: 31 to 60: 61 to 90: X X X = X Over 90: Estimated balance of allowance for uncollectibles < Req 1 Req 2 >
Transcribed Image Text:Net Zero Products, a wholesaler of sustainable raw materials. Prepared the following aging of receivables analysis. Days Past Due 1 to 30 $26,000 4% Total 31 to 60 61 to 90 Over 90 $143,000 $88,000 $11,000 $8,000 $10,000 12 Accounts receivable Percent uncollectible 1% 6% 9% 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts Is a $1,800 credit. Complete this question by entering your answers in the tabs below. Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,800 credit balance. Req 1 Req 2 Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts rece Accounts Percent receivable uncollectible (%) Not due: 1 to 30: 31 to 60: 61 to 90: X X X = X Over 90: Estimated balance of allowance for uncollectibles < Req 1 Req 2 >
Check my wor 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts recelvable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts Is a $1,800 credit. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance it Accounts is a $1,800 credit. View transaction list Journal entry worksheet 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,800 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31
Transcribed Image Text:Check my wor 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts recelvable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts Is a $1,800 credit. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance it Accounts is a $1,800 credit. View transaction list Journal entry worksheet 1 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,800 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31
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