Homework Answers
| Total | 0-30 | 31-60 | 61-90 | 91-120 | Over 120 | |
| Accounts Receivable | 227100 | 84200 | 49900 | 43000 | 28200 | 21800 |
| % Uncollectible | 2% | 5% | 6% | 9% | 21% | |
| Estimated bad debts | 13875 | 1684 | 2495 | 2580 | 2538 | 4578 |
| b | ||||||
| Debit | Credit | |||||
| Bad Debts expense | 22275 | =13875+8400 | ||||
| Allowance for Doubtful accounts | 22275 | |||||
| c | ||||||
| Allowance for Doubtful accounts | 5100 | |||||
| Accounts Receivable | 5100 | |||||
| d | ||||||
| Accounts Receivable | 5100 | |||||
| Allowance for Doubtful accounts | 5100 | |||||
| Cash | 5100 | |||||
| Accounts Receivable | 5100 |
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CALCULATOR SALE HY INSUR E R - NT RESOURCES work with Video Problem 8-4A Bramble Corp. uses the allowance method t...
Problem 8-3A Presented below is an aging schedule for Larkspur, Inc. Number of Days Past Due Not Over 90...
Problem 8-3A Presented below is an aging schedule for Larkspur, Inc. Number of Days Past Due Not Over 90 Customer Total 1-30 31-60 Yet Due 61-90 $ 25,800 Anders $11,800 $14,000 Blake 40,400 40,400 Coulson 58,400 16,800 5,800 $35,800 Deleon 33,200 $33,200 133,400 Others 97,000 6,300 16,300 13,800 $291,200 $154,200 $33,900 $27,800 $35,800 $39,500 Estimated Percentage Uncollectible 3% 6% 14% 24% 49% Total Estimated Bad Debts $ 8,592 $38,499 $4,626 $ 2,034 $3,892 $19,355 At December 31, 2019, the unadjusted...
Problem 9-04A a-d (Video) Whispering Inc. uses the allowance method to estimate uncollectible accounts receivable. The...
Problem 9-04A a-d (Video)
Whispering Inc. uses the allowance method to estimate
uncollectible accounts receivable. The company produced the
following aging of the accounts receivable at year-end.
Calculate the total estimated bad debts based on the below
information.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
276,800
92,000
60,700
53,300
38,600
$32,200
% uncollectible
1%
4%
5%
8%
20%
Estimated Bad debts
$
$
$
$
$
$
SHOW LIST OF ACCOUNTS
LINK TO TEXT...
Problem 9-04A a-d (Video) Windsor Inc. uses the allowance method to estimate uncollectible accounts receivable. The...
Problem 9-04A a-d (Video) Windsor Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Accounts receivable 207,100 77,900 45,600 40,000 25,100 % uncollectible 2% 5% 6% 9% Estimated Bad debts $ $ $ $ $ Over 120 $18,500 21% $ $ SHOW LIST OF ACCOUNTS LINK TO...
CALCLATOR FULL SCREEN PRINTER VERSION BACK N Problem 8-01A a-d Novak Corp. uses the allowance method...
CALCLATOR FULL SCREEN PRINTER VERSION BACK N Problem 8-01A a-d Novak Corp. uses the allowance method of accounting for bad debts. The company produced the fellowing aging of the accounts receivable at year-end Calculate the total estimated bad debts based on the information below. Nember of Days Outstanding 61-90 $39,000 Total $398,000 0-30 $237,000 31-60 $90,000 91-120 $19,000 Over 120 Accounts receivable $13,000 % uncollectible 1% 4% 5% 9% 11% Estimated bad debts SHOW LIST OF ACCOUNTS INK TO TEXT...
Pearl Industries uses the allowance method of accounting for bad debts. The company produced the following...
Pearl Industries uses the allowance method of accounting for bad
debts. The company produced the following aging of the accounts
receivable at year-end.
Calculate the total estimated bad debts based on the
information below.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
$409,000
$246,000
$84,000
$43,000
$23,000
$13,000
% uncollectible
1%
4%
5%
8%
11%
Estimated bad debts
$enter estimated bad debts in dollars
$enter estimated bad debts in dollars
$enter estimated bad debts in...
CALCULATOR PRINTER VERSION BALK Problem B-1A Sarasota Corp. uses the allowance method of accounting for bad...
CALCULATOR PRINTER VERSION BALK Problem B-1A Sarasota Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable Calculate the total estimated bad debts on the below information Number of Days Outstanding Total 0-3031-60 61-90 91-120 Over 120 Accounts Receivable $388,000 $234,000 $82,000 $39,000 $21,000 $12,000 We uncollectible Estimated bad debts EHXSLF ACCOUNTS Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined...
FIUDICI DOTA Auviuco) Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company...
FIUDICI DOTA Auviuco) Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Total 200,000 Number of Days Outstanding 31-60 61-90 91-120 46,000 39,000 23,000 4% 5% 8% 0-30 77,000 1% Accounts receivable % uncollectible Over 120 $15,000 20% Estimated bad debts (b) Prepare the year-end adjusting journal entry to record the bad debts using the...
Wildhorse Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following...
Wildhorse Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0–30 31–60 61–90 91–120 Over 120 Accounts receivable 166,400 71,700 37,800 32,600 15,700 $8,600 % uncollectible 1% 4% 5% 8% 20% Estimated Bad debts (b) Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts...
Am i doing this problem right? The Marigold Corp. uses the allowance method in accounting for...
Am i doing this problem right?
The Marigold Corp. uses the allowance method in accounting for uncollectible accounts. Pas unele L receivable will eventually be uncollectible. Selected account balances at December 31, 2021, and December 31, 2022, appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/2021 12/31/2022 $401,000 $537,000 90,000 130,000 4,300 Record the following events in 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in...
i just need the first adjusting entry (b) Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK RESOURCES 24 (...
i just need the first adjusting entry (b)
Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK RESOURCES 24 (Video 3 Total 185,500 0-30 74,600 Accounts receivable uncollectible Number of Days Outstanding 1-60 61-90 91-120 Over 120 40,700 35,000 21,000 $14,200 496 5% 8% 20% D EL 1750 I 1680, 2840 Estimated bad debts T 8644 1628 rise 01 LINK TO TEXT VIDEO: SIHTLAR PROBLEM by Study Your answer is partially correct. Try again. (b) Prepare the year-end adjusting journal entry...
Problem 8-3A Presented below is an aging schedule for Larkspur, Inc. Number of Days Past Due Not Over 90 Customer Total 1-30 31-60 Yet Due 61-90 $ 25,800 Anders $11,800 $14,000 Blake 40,400 40,400 Coulson 58,400 16,800 5,800 $35,800 Deleon 33,200 $33,200 133,400 Others 97,000 6,300 16,300 13,800 $291,200 $154,200 $33,900 $27,800 $35,800 $39,500 Estimated Percentage Uncollectible 3% 6% 14% 24% 49% Total Estimated Bad Debts $ 8,592 $38,499 $4,626 $ 2,034 $3,892 $19,355 At December 31, 2019, the unadjusted...
Problem 9-04A a-d (Video)
Whispering Inc. uses the allowance method to estimate
uncollectible accounts receivable. The company produced the
following aging of the accounts receivable at year-end.
Calculate the total estimated bad debts based on the below
information.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
276,800
92,000
60,700
53,300
38,600
$32,200
% uncollectible
1%
4%
5%
8%
20%
Estimated Bad debts
$
$
$
$
$
$
SHOW LIST OF ACCOUNTS
LINK TO TEXT...
Problem 9-04A a-d (Video) Windsor Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Accounts receivable 207,100 77,900 45,600 40,000 25,100 % uncollectible 2% 5% 6% 9% Estimated Bad debts $ $ $ $ $ Over 120 $18,500 21% $ $ SHOW LIST OF ACCOUNTS LINK TO...
CALCLATOR FULL SCREEN PRINTER VERSION BACK N Problem 8-01A a-d Novak Corp. uses the allowance method of accounting for bad debts. The company produced the fellowing aging of the accounts receivable at year-end Calculate the total estimated bad debts based on the information below. Nember of Days Outstanding 61-90 $39,000 Total $398,000 0-30 $237,000 31-60 $90,000 91-120 $19,000 Over 120 Accounts receivable $13,000 % uncollectible 1% 4% 5% 9% 11% Estimated bad debts SHOW LIST OF ACCOUNTS INK TO TEXT...
Pearl Industries uses the allowance method of accounting for bad
debts. The company produced the following aging of the accounts
receivable at year-end.
Calculate the total estimated bad debts based on the
information below.
Number of Days Outstanding
Total
0–30
31–60
61–90
91–120
Over 120
Accounts receivable
$409,000
$246,000
$84,000
$43,000
$23,000
$13,000
% uncollectible
1%
4%
5%
8%
11%
Estimated bad debts
$enter estimated bad debts in dollars
$enter estimated bad debts in dollars
$enter estimated bad debts in...
CALCULATOR PRINTER VERSION BALK Problem B-1A Sarasota Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable Calculate the total estimated bad debts on the below information Number of Days Outstanding Total 0-3031-60 61-90 91-120 Over 120 Accounts Receivable $388,000 $234,000 $82,000 $39,000 $21,000 $12,000 We uncollectible Estimated bad debts EHXSLF ACCOUNTS Prepare the year-end adjusting journal entry to record the bad debts using the aged uncollectible accounts receivable determined...
FIUDICI DOTA Auviuco) Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Total 200,000 Number of Days Outstanding 31-60 61-90 91-120 46,000 39,000 23,000 4% 5% 8% 0-30 77,000 1% Accounts receivable % uncollectible Over 120 $15,000 20% Estimated bad debts (b) Prepare the year-end adjusting journal entry to record the bad debts using the...
Am i doing this problem right?
The Marigold Corp. uses the allowance method in accounting for uncollectible accounts. Pas unele L receivable will eventually be uncollectible. Selected account balances at December 31, 2021, and December 31, 2022, appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts 12/31/2021 12/31/2022 $401,000 $537,000 90,000 130,000 4,300 Record the following events in 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in...
i just need the first adjusting entry (b)
Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK RESOURCES 24 (Video 3 Total 185,500 0-30 74,600 Accounts receivable uncollectible Number of Days Outstanding 1-60 61-90 91-120 Over 120 40,700 35,000 21,000 $14,200 496 5% 8% 20% D EL 1750 I 1680, 2840 Estimated bad debts T 8644 1628 rise 01 LINK TO TEXT VIDEO: SIHTLAR PROBLEM by Study Your answer is partially correct. Try again. (b) Prepare the year-end adjusting journal entry...
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