Prepare the Samsung Inc has 200 customer accounts in its Accounts receivable subsidiary ledger. On September 31 2004, an aging schedule was prepared. The results are summarized below: GROUP AMOUNT UNCOLLECTIBLE % Estimated Uncollectible Accounts Not yet due Rs 200,000 2 1-30 days past due 120,000 5 31-60 days past due 130,000 15 61-90 days past due 200,000 30 Over 90 days past due 50,000 50 Required: Prepare a schedule to compute Estimated Uncollectible Accounts
Prepare the Samsung Inc has 200 customer accounts in its Accounts receivable subsidiary ledger. On September 31 2004, an aging schedule was prepared. The results are summarized below: GROUP AMOUNT UNCOLLECTIBLE % Estimated Uncollectible Accounts Not yet due Rs 200,000 2 1-30 days past due 120,000 5 31-60 days past due 130,000 15 61-90 days past due 200,000 30 Over 90 days past due 50,000 50 Required: Prepare a schedule to compute Estimated Uncollectible Accounts
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter16: Accounting For Accounts Receivable
Section: Chapter Questions
Problem 1CP: Martel Co. has 320,000 in Accounts Receivable on December 31, 20-1, the end of its first year of...
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Prepare the Samsung Inc has 200 customer accounts in its Accounts
receivable subsidiary ledger. On September 31 2004, an aging schedule
was prepared. The results are summarized below:
GROUP AMOUNT UNCOLLECTIBLE % Estimated
Uncollectible
Accounts
Not yet due Rs 200,000 2
1-30 days past due 120,000 5
31-60 days past due 130,000 15
61-90 days past due 200,000 30
Over 90 days past due 50,000 50
Required: Prepare a schedule to compute Estimated Uncollectible Accounts
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