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 Past Due Over 90 Days Past Due Subtotals 636500 375500 140000 57300 31800 31900 Beltran Industries 17300 17300 Doodle Company 19500 19500 La Corp Inc. 5600 5600 VIP Sales Company 7500 7500 We-Go Company 23100 23100 Totals 709500 398600 147500 62900 51300 49200 Percentage uncollectible 2% 5% 20% 30% 45% Allowance for Doubtful Accounts
Homework Answers
| Balance | Not past due | 1-30 days past due | 31-60 days past due | 61-90 days past due | Over 90 days past due | |
| Totals | 709500 | 398600 | 147500 | 62900 | 51300 | 49200 |
| Percentage uncollectible | 2% | 5% | 20% | 30% | 45% | |
| Allowance for Doubtful Accounts | 65457 | 7972 | 7375 | 12580 | 15390 | 22140 |
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Estimating Allowance for Doubtful Accounts Quigley 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 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...
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...
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...
Can I get some help solving this problem? Instructions Evers Industries has a past history of...
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 past due 3% 1-30 days past due 31-60 days past due 15 61-90 days past due 33 Over 90 days past due Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the Aging of Receivables Schedule page. Aging of Receivables Schedule Shaded cells have feedback. X Evers Industries Score:...
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%...
Aging of Receivables; Estimating Allowance for Doubtful Accounts Wig Creations Company supplies wigs and hair care...
Aging of Receivables; Estimating Allowance for Doubtful Accounts Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y1: 23,00 over 120 17,900 Ver1230 Days Past Due Customer Balance Not Past Due 1-30 31-60 61-90 91-120 Subtotals 715,500 397,100 171,700 78,700 26,500 23,600 The following accounts were unintentionally...
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
estimating doubtful accounts Estimating Doubtful Accounts Performance Bike Co. is a wholesaler of motorcycle supplies. An...
estimating doubtful accounts
Estimating Doubtful Accounts Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount 3/4% Balance $834,000 91,700...
................ Aging of Receivables; Estimating Allowance for Doubtful Accounts Wig Creations Company supplies wigs and hair...
................
Aging of Receivables; Estimating Allowance for Doubtful Accounts Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2017: Not Days Past Due Past Customer Balance 1-30 31-60 61-90 91-120 Over 120 Due 19,000 ABC Beauty 19,000 Angel Wigs 7,300 7,300 - - - - - -...
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...
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 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...
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 past due 3% 1-30 days past due 31-60 days past due 15 61-90 days past due 33 Over 90 days past due Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the Aging of Receivables Schedule page. Aging of Receivables Schedule Shaded cells have feedback. X Evers Industries Score:...
Aging of Receivables; Estimating Allowance for Doubtful Accounts Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y1: 23,00 over 120 17,900 Ver1230 Days Past Due Customer Balance Not Past Due 1-30 31-60 61-90 91-120 Subtotals 715,500 397,100 171,700 78,700 26,500 23,600 The following accounts were unintentionally...
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
estimating doubtful accounts
Estimating Doubtful Accounts Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Performance Bike Co. Estimation of Uncollectible Accounts December 31 Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount 3/4% Balance $834,000 91,700...
................
Aging of Receivables; Estimating Allowance for Doubtful Accounts Wig Creations Company supplies wigs and hair care products to beauty salons throughout Texas and the Southwest. The accounts receivable clerk for Wig Creations prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2017: Not Days Past Due Past Customer Balance 1-30 31-60 61-90 91-120 Over 120 Due 19,000 ABC Beauty 19,000 Angel Wigs 7,300 7,300 - - - - - -...
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