Homework Answers
Solution
| Total Estimated uncollectables | $ 8,209.00 | ||||
Working
| Accounts receivables | x | Percent Uncollectable (%) | = | Estimated Uncollectable | |
| Current | $ 65,300.00 | x | 2.00% | = | $ 1,306.00 |
| 1 to 30 days | $ 11,800.00 | x | 5.00% | = | $ 590.00 |
| 31 to 90 | $ 9,300.00 | x | 32.00% | = | $ 2,976.00 |
| Over 90: | $ 7,100.00 | x | 47.00% | = | $ 3,337.00 |
| Estimated balance of allowance for doubtful accounts | $ 8,209.00 | ||||
Add Answer to:
Oriole Company has accounts receivable of $93,500 at March 31, 2022. Credit terms are 2/10,n/30. At...
Oriole Company has accounts receivable of $93,500 at March 31, 2022. Credit terms are 2/10,n/30. At...
Oriole Company has accounts receivable of $93,500 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $2.212 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current 1-30 days past due 31-90 days past due Over 90 days past due $65,300 $70,010...
Company has accounts receivable of $95,500 at March 31, 2022. Credit terms are 2/10, n/30. At...
Company has accounts receivable of $95,500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,296 credit balance in Allowance for Doubtful Accounts p adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated - Percentage Age of Accounts 2022 2021 Uncollectible Current $66,400 $68,240 1-30 days past due 12,600 7,280 31-90 days past due 9,100 2,540 Over...
Blossom Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30....
Blossom Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,230 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 2021 $61,600...
Carla Vista Co. has accounts receivable of $92,600 at March 31, 2022. Credit terms are 2/10,...
Carla Vista Co. has accounts receivable of $92,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,154 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current $60,500 14,000 $77,250 7,550 1-30 days past due 2,370 31-90 days past due...
Carla Vista Co. has accounts receivable of $92.600 at March 31, 2022. Credit terms are 2/10,...
Carla Vista Co. has accounts receivable of $92.600 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2,154 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due Balance, March 31 7 2022 2021 $60,500 $77.250 14,000 7,550 2,370 8,000 1.170 $92,600...
Whispering Company has accounts receivable of $108,600 at March 31, 2020. Credit terms are 2/10, n/30....
Whispering Company has accounts receivable of $108,600 at March
31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is
a $1,500 credit balance in Allowance for Doubtful Accounts prior to
adjustment. The company uses the percentage-of-receivables basis
for estimating uncollectible accounts. The company's estimate of
bad debts is shown below.
Age of Accounts
Balance,
March 31
Age of Accounts
Balance,
March 31
Estimated Percentage
Uncollectible
2020
2019
Current
$72,300
$75,000
4%
1–30 days past due
18,200
8,000...
Cullumber Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30....
Cullumber Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,949 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Age of Accounts Uncollectible 2022 2021 Current $61,400 $76,320 2% 1-30 days past due 13,800 8,280 31-90 days past due 9,900...
Wildhorse Co. has accounts receivable of $92,100 at March 31, 2022. Credit terms are 2/10, n/30....
Wildhorse Co. has accounts receivable of $92,100 at March 31,
2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a
$2,081 credit balance in Allowance for Doubtful Accounts prior to
adjustment. The company uses the percentage-of-receivables basis
for estimating uncollectible accounts. The company’s estimates of
bad debts are as shown below. Balance, March 31 Estimated
Percentage Uncollectible Age of Accounts 2022 2021 Current $63,500
$80,330 2 % 1–30 days past due 11,700 7,610 5 31–90 days past...
Exercise 3-06 ab Ivanhoe Company has accounts receivable of $95,500 at March 31, 2022. Credit terms...
Exercise 3-06 ab Ivanhoe Company has accounts receivable of $95,500 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2.296 credit balance in adjustment. The company uses the percentage-of-receivables bass for estimating collectible accounts. The company's estimates of bad bts are as shown below ce for our Account prior to Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $66,400 $68,240 1-30 days past due 12,600 7,250 31-90 days past...
Vaughn Company has accounts receivable of $116,500 at March 31, 2020. Credit terms are 2/10, n/30....
Vaughn Company has accounts receivable of $116,500 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,400 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due 2020 $80,600 17,900 9,000...
Oriole Company has accounts receivable of $93,500 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $2.212 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current 1-30 days past due 31-90 days past due Over 90 days past due $65,300 $70,010...
Company has accounts receivable of $95,500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,296 credit balance in Allowance for Doubtful Accounts p adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated - Percentage Age of Accounts 2022 2021 Uncollectible Current $66,400 $68,240 1-30 days past due 12,600 7,280 31-90 days past due 9,100 2,540 Over...
Blossom Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,230 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 2021 $61,600...
Carla Vista Co. has accounts receivable of $92,600 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,154 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts 2022 2021 Current $60,500 14,000 $77,250 7,550 1-30 days past due 2,370 31-90 days past due...
Carla Vista Co. has accounts receivable of $92.600 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2,154 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due Balance, March 31 7 2022 2021 $60,500 $77.250 14,000 7,550 2,370 8,000 1.170 $92,600...
Whispering Company has accounts receivable of $108,600 at March
31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is
a $1,500 credit balance in Allowance for Doubtful Accounts prior to
adjustment. The company uses the percentage-of-receivables basis
for estimating uncollectible accounts. The company's estimate of
bad debts is shown below.
Age of Accounts
Balance,
March 31
Age of Accounts
Balance,
March 31
Estimated Percentage
Uncollectible
2020
2019
Current
$72,300
$75,000
4%
1–30 days past due
18,200
8,000...
Cullumber Company has accounts receivable of $92,000 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,949 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Age of Accounts Uncollectible 2022 2021 Current $61,400 $76,320 2% 1-30 days past due 13,800 8,280 31-90 days past due 9,900...
Wildhorse Co. has accounts receivable of $92,100 at March 31,
2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a
$2,081 credit balance in Allowance for Doubtful Accounts prior to
adjustment. The company uses the percentage-of-receivables basis
for estimating uncollectible accounts. The company’s estimates of
bad debts are as shown below. Balance, March 31 Estimated
Percentage Uncollectible Age of Accounts 2022 2021 Current $63,500
$80,330 2 % 1–30 days past due 11,700 7,610 5 31–90 days past...
Exercise 3-06 ab Ivanhoe Company has accounts receivable of $95,500 at March 31, 2022. Credit terms are 2/10, 1/30. At March 31, 2022, there is a $2.296 credit balance in adjustment. The company uses the percentage-of-receivables bass for estimating collectible accounts. The company's estimates of bad bts are as shown below ce for our Account prior to Balance, March 31 Estimated Percentage Age of Accounts 2022 2021 Uncollectible Current $66,400 $68,240 1-30 days past due 12,600 7,250 31-90 days past...
Vaughn Company has accounts receivable of $116,500 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,400 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Balance, March 31 Estimated Percentage Uncollectible Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due 2020 $80,600 17,900 9,000...
Most questions answered within 3 hours.
-
1. An object weighing 40 N rests on a surface. The coefficient
of friction is 0.35....
asked 51 minutes ago -
Investor company owns 35% of investee company voting stock and
accounts for the investment under the...
asked 1 hour ago -
The number of major faults on a randomly chosen 1 km stretch of
highway has a...
asked 2 hours ago -
Consider the competitive environment of Starbuck's, Progressive
Insurance, a manufacturing firm with low turnover, or a...
asked 3 hours ago -
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 5 hours ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 7 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 7 hours ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 7 hours ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 7 hours ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 7 hours ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 7 hours ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 7 hours ago