Horngren's Accounting: The Managerial Chapters, Student Value Edition Plus Mylab Accounting With Pearson Etext - Access Card Package (12th Edition)
12th Edition
ISBN: 9780134643168
Author: MILLER-NOBLES, Tracie L.; Mattison, Brenda L.; Matsumura, Ella Mae
Publisher: PEARSON
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Chapter 9, Problem E9.20E
Accounting for uncollectible accounts using the allowance method (aging-of-receivables) and reporting receivables on the
| Learning Objective 3 2. Allowance CR Bal. $25,360 |
At December 31, 2018, the
| Age of Accounts | |
| 1-30 Days 31-60 Days 61-90 Days Over 90 Days | |
| Accounts Receivable Estimated percent uncollectible |
S 65.000 $ 50,000 $ 40,000 $ 45,000 0.4% 3.0% 5.0% 48.0% |
Requirements
1. Journalize the year-end
2. Show how GPS Technology will report its net accounts receivable on its December 31, 2018, balance sheet.
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Chapter 9 Solutions
Horngren's Accounting: The Managerial Chapters, Student Value Edition Plus Mylab Accounting With Pearson Etext - Access Card Package (12th Edition)
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