edugen.wileyplus.com WileyPLUS Weygandt, Financial&Managerial; Accounting, 2e ??

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edugen.wileyplus.com WileyPLUS Weygandt, Financial&Managerial; Accounting, 2e ?? Assignment Gradebook ORION Downloadable eTextbook ent Problem 8-3A Presented below is an aging schedule for Halleran Company. Number of Days Past Due Not Over Customer Total Yet Due 1-30 31-60 61-90 90 Anders Blake Coulson $ 22,000 $10,000 $12,000 40,000 40,000 57,000 16,000 6,000 34,000 132,000 96,000 16,000 14,000 $35,000 $34,000 6,000 $285,000 $152,000 $32,000 $26,000 $35,000 $40,000 Others Estimated Percentage Uncollectible Total Estimated Bad Debts 3% 6% 13% 25% 50% $38,610 4,560 1,920 $3,380 $8,750 $20,000 $4,5 At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,000 Your answer is correct. Journalize and post the adjusting entry for bad debts at December 31, 2017. (Credit account titles are indent manually.) Date Account Titles Debit Credit Policy 2000-2018 John Wiley & Sons, Inc, All Rights Reserved. A Division of John Wiley & Sons.Inc

Explanation / Answer

Allowance for doubtful accounts Date Explanation Debit Credit Balance 31-Dec Balance 12,000 31-Dec Adjusting 26610 38,610 31-Mar 1,000 37,610 31-May 1,000 38,610

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