Age | Amount | Estimated % uncollectible | Amount uncollectible |
Not yet due | 51700 | 3% | 1551 |
Up to 180 days | 15800 | 11% | 1738 |
More than 180 days | 5100 | 31% | 1581 |
Total | 72600 | 4870 |
1 | ||||
Date | General Journal | Debit | Credit | |
December 31 | Bad Debts expense | 4770 | =4870-100 | |
Allowance for Doubtful Accounts | 4770 |
2 | |
Partial Balance Sheet | |
As of December 31 | |
Accounts Receivable | 72600 |
Allowance for Doubtful Accounts | -4870 |
Accounts Receivable, Net of Allowance for doubtful Accounts | 67730 |
Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each...
Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $50,600; (2) up to 180 days past due, $14,600; and (3) more than 180 days past due, $5,900. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 12...
Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $51,900; (2) up to 180 days past due, $14,300; and (3) more than 180 days past due, $5,900. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 4 percent, (2) 12...
Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $50,800; (2) up to 180 days past due, $14,200; and (3) more than 180 days past due, $5,300. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 12...
Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $51.900(2) up to 180 days past due, $15.000, and (3) more than 180 days past due, $4,300. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 4 percent, (2) 12 percent,...
Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $51,700; (2) up to 180 days past due, $15,800; and (3) more than 180 days past due, $5,100. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 11...
Chou Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $281,000; (2) up to 120 days past due, $59,000; and (3) more than 120 days past due, $27,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 2.5 percent, (2) 12...
Chou Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $283,000; (2) up to 120 days past due, $57,000; and (3) more than 120 days past due, $23,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3.5 percent. (2) 11...
Chou Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $283,000; (2) up to 120 days past due, $57,000; and (3) more than 120 days past due, $23,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3.5 percent. (2) 11...
Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $11,000, (2) up to 120 days past due, $4.000; and (3) more than 120 days past due, $3,500. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (14 percent. (2) 14...
Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $19,500; (2) up to 120 days past due, $5,500; and (3) more than 120 days past due, $3,500. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2)...