2. The following information is available for Handon Corp.: Accounts receivable aging schedule at 12/31/12: Percent...
2. The following information is available for Handon Corp.:
Accounts receivable aging schedule at 12/31/12:
|
Percent |
||
|
Age |
Amount |
Uncoll. |
|
0-90 |
$21,600 |
2 |
|
90-180 |
$8,100 |
6 |
|
over 180 |
$7,290 |
10 |
Additional information:
|
Allowance for doubtful accounts balance at 1/1/12 |
$7,020.0 |
|
Write-offs during 2012 |
$6,318.0 |
|
Accounts receivable balance at 1/1/12 |
$77,220.0 |
For 2012, Handon will report bad debt expense in the amount of:
a. $945
b. $702
c. $13,338
d. $1,647
e. $6,318.
Homework Answers
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2. The following information is available for Handon Corp.:
Accounts receivable aging schedule at 12/31/12:
Percent...
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receivable at the end of each month and records bad debts expense
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partial aging schedule at the end of July:
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Outstanding
Accounts
Receivable
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23%
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