BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094
BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094

Solutions

Chapter
Section
Chapter 9, Problem 9.9EX
Textbook Problem

Estimating allowance for doubtful accounts

Kirchhoff Industries has a past history of uncollectible accounts, as follows. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule you completed in Exercise 9-8.

Age Class Percent Uncollectible
Not past due 2%
1-30 days past due 4
31-60 days past due 18
61-90 days past due 40
Over 90 days past due 75

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Chapter 9 Solutions

Accounting
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Ch. 9 - Direct write-off method Journalize the following...Ch. 9 - Direct write-off method Journalize the following...Ch. 9 - Allowance method Journalize the following...Ch. 9 - Allowance method Journalize the following...Ch. 9 - Percent of sales method At the end of the current...Ch. 9 - Percent of sales method At the end of the current...Ch. 9 - Analysis of receivables method At the end of the...Ch. 9 - Analysis of receivables method At the end of the...Ch. 9 - Note receivable Lundquist Company received a...Ch. 9 - Note receivable Prefix Supply Company received a...Ch. 9 - Accounts receivable turnover and days sales in...Ch. 9 - Accounts receivable turnover and days sales in...Ch. 9 - Classifications of receivables Boeing is one of...Ch. 9 - Nature of uncollectible accounts MGM Resorts...Ch. 9 - Entries for uncollectible accounts, using direct...Ch. 9 - Entries for uncollectible receivables, using...Ch. 9 - Entries to write off accounts receivable Quantum...Ch. 9 - Providing for doubtful accounts At the end of the...Ch. 9 - Number of days past due Toot Auto Supply...Ch. 9 - Aging of receivables schedule The accounts...Ch. 9 - Estimating allowance for doubtful accounts...Ch. 9 - Adjustment for uncollectible account Using data in...Ch. 9 - Estimating doubtful accounts Performance Bike Co....Ch. 9 - Entry for uncollectible accounts Using the data in...Ch. 9 - Entries for bad debt expense under the direct...Ch. 9 - Entries for bad debt expense under the direct...Ch. 9 - Effect of doubtful accounts on net income During...Ch. 9 - Effect of doubtful accounts on net income Using...Ch. 9 - Entries for bad debt expense under the direct...Ch. 9 - Entries for bad debt expense under the direct...Ch. 9 - Determine due date and interest on notes Determine...Ch. 9 - Entries for notes receivable Spring Designs ...Ch. 9 - Entries for notes receivable The series of five...Ch. 9 - Entries for notes receivable, including year-end...Ch. 9 - Entries for receipt and dishonor of note...Ch. 9 - Entries for receipt and dishonor of notes...Ch. 9 - Receivables on the balance sheet List any errors...Ch. 9 - Accounts receivable turnover and days sales in...Ch. 9 - Accounts receivable turnover and days sales in...Ch. 9 - Accounts receivable turnover and days sales in...Ch. 9 - Accounts receivable turnover Use the data in...Ch. 9 - Entries related to uncollectible accounts The...Ch. 9 - Aging of receivables; estimating allowance for...Ch. 9 - Compare two methods of accounting for...Ch. 9 - Details of notes receivable and related entries...Ch. 9 - Notes receivable entries The following data relate...Ch. 9 - Sales and notes receivable transactions The...Ch. 9 - Entries related to uncollectible accounts The...Ch. 9 - Aging of receivables; estimating allowance for...Ch. 9 - Compare two methods of accounting for...Ch. 9 - Details of notes receivable and related entries...Ch. 9 - Notes receivable entries The following data relate...Ch. 9 - Sales and notes receivable transactions The...Ch. 9 - Ethics in Action Bud Lighting Co. is a retailer of...Ch. 9 - Ethics in Action Bev Wynn, vice p resident of...Ch. 9 - Communication On January 1, Xtreme Co. began...Ch. 9 - Estimate uncollectible accounts For several years,...Ch. 9 - Accounts receivable turnover and days sales in...Ch. 9 - Accounts receivable turnover and days sales in...Ch. 9 - Accounts receivable turnover and days sales in...

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