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26 February, 22:23

Year round Retreats had the following balances at December 31, 2018 , before the year-end adjustments:

Accounts Receivable Allowance for Bad Debts

74,000 1,535

The aging of accounts receivable yields the following dа ta:

Age of Accounts Receivable

0-60 Days Over 60 Days Total Receivables

Accounts Recelvable $71,000 3,000 74,000

Estimated percent uncollectible x 3% x 23%

Requirements

1. Journalize Worldwide'sentry to record bad debts expense for 2018 using the aging-of-receivables method.

2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts.

3. Joumalize Year round's entry to record bad debts expense for 2018 using the aging-of-recevables method.

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Answers (1)
  1. 27 February, 00:25
    0
    1 because that is the right answer because it is the correct answer for ur question
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