Sunland Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. (a) Correct answer icon Your answer is correct. Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0–30 31–60 61–90 91–120 Over 120 Accounts receivable 200,900 77,000 45,800 38,700 22,900 $ 16,500 % uncollectible 2% 5% 6% 9% 21% Estimated Bad debts $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount
Sunland Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. (a) Correct answer icon Your answer is correct. Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0–30 31–60 61–90 91–120 Over 120 Accounts receivable 200,900 77,000 45,800 38,700 22,900 $ 16,500 % uncollectible 2% 5% 6% 9% 21% Estimated Bad debts $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter9: Receivables
Section: Chapter Questions
Problem 9E: Kirchhoff Industries has a past history of uncollectible accounts, as follows. Estimate the...
Related questions
Question
Sunland Inc. uses the allowance method to estimate uncollectible accounts receivable . The company produced the following aging of the accounts receivable at year-end.
(a)
Correct answer icon
Your answer is correct.
Calculate the total estimated bad debts based on the below information.
Number of Days Outstanding
|
||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total
|
0–30
|
31–60
|
61–90
|
91–120
|
Over 120
|
|||||||
Accounts receivable | 200,900 | 77,000 | 45,800 | 38,700 | 22,900 | $ 16,500 | ||||||
% uncollectible | 2% | 5% | 6% | 9% | 21% | |||||||
Estimated Bad debts | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount |
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