Question

Can I get some help solving this problem?

Instructions Evers Industries has a past history of uncollectible accounts, as follows. Age Class Percent Uncollectible Not p

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Not Past Balance Due 1150100.00 618800.00 Days Past due Jan-30 31-60 61-90 Over 90 233100.00 118000.00 105800.00 74400.00 3.0

Add a comment
Know the answer?
Add Answer to:
Can I get some help solving this problem? Instructions Evers Industries has a past history of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as follows....

    Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as follows. Percent Uncollectible Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Estimate the allowance for doubtful accounts, based on the aging of receivables Information provided in the chart below. Kirchhoff Industries Estimate the Allowance for Doubtful Accounts Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past...

  • how can I solve this question? Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Sch...

    how can I solve this question? Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Customer Balance Subtotals 687,500 405,600 151,300 61,900 34,400 34,300 Boyd Industries 13,700 15,600 6,900 7,900 Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals Percentage uncollectible Allowance for Doubtful Accounts 13,700 15,600 6,900 7,900 28,700 28,700 760,300 434,300...

  • Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown...

    Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 1% 1-30 days past due 6 31-60 days past due 25 61-90 days past due 35 Over 90 days past due 50 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90...

  • Estimating Allowance for Doubtful Accounts Quigley Industries has a past history of uncollectible accounts, as shown...

    Estimating Allowance for Doubtful Accounts Quigley Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 2 % 1-30 days past due 5 31-60 days past due 20 61-90 days past due 30 Over 90 days past due 45 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Quigley Industries Aging-of-Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days...

  • Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule...

    Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 702,200 414,300 154,500 63,200 35,100 35,100 Boyd Industries 14,600 14,600 Hodges Company 15,800 15,800 Kent Creek Inc. 7,300 7,300 Lockwood Company 7,500 7,500 Van Epps Company 29,200 29,200 Totals 776,600 443,500 162,000 70,500 50,900 49,700 Percentage uncollectible 2% 6%...

  • Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance...

    Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 788,100 465,000 173,400 70,900 39,400 39,400 Boyd Industries 12,000 12,000 Hodges Company 21,600 21,600 Kent Creek Inc. 6,300 6,300 Lockwood Company 8,100 8,100 Van Epps Company 25,700 25,700 Totals 861,800 490,700 181,500 77,200 61,000 51,400 Percentage uncollectible 1% 6% 25% 35% 50% Allowance...

  • 48 Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent...

    48 Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 2% 1-30 days past due 6 31-60 days past due 25 61-90 days past due 35 Over 90 days past due 50 Estimate the allowance for doubtful accounts, based the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 178,900 31-60 Days Past Due 61-90 Days Past Due 40,700...

  • kirchoff industries has a past history of uncollectible CengageNOWv21 Online teaching and learning resource from Cengage...

    kirchoff industries has a past history of uncollectible CengageNOWv21 Online teaching and learning resource from Cengage Learning eBook Show Me How Calculator Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as follows. 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 Estimate the allowance for doubtful accounts, based on the aging of receivables information...

  • Aging of Receivables Schedule The accounts receivable clerk for Evers Industries prepared the following partially completed...

    Aging of Receivables Schedule The accounts receivable clerk for Evers Industries prepared the following partially completed aging of receivables schedule as of the end of business on November 30: Not Days Past Due Past Over Customer Balance Due 1-30 31-60 61-90 90 Acme Industries Inc. 5,500 5,500 Alliance Company 4,600 4,600 Zollinger Company 7,900 7,900 Subtotals 850,500 513,800 187,100 81,600 42,500 25,500 The following accounts were unintentionally omitted from the aging schedule and not included in the subtotals above: Customer...

  • Bottom row 5 (first box) there is an empty box in allowance for doubtful accounts what...

    Bottom row 5 (first box) there is an empty box in allowance for doubtful accounts what do I put in that box? Score: 15/19 Evers Industries Estimate of Allowance for Doubtful Accounts Days Past Due Days Past Due Not Past Due 1-30 31-60 Days Past Due Days Past Due 61-90 Balance Over 90 Total receivables 1,147,400.00 610,600.00 236,400.00 120,300.00 105,300.00 74,800.00 Percentage uncollectible 3.0% 4.0% 18.0% 38.0% 90.0% Allowance for $18,318.00 $9.456.00 $21,654.00 $40.014.00 $67,320.00 doubtful accounts

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT