little help please Presented below is an aging schedule for Halleran Company Num

Question

little help please

Presented below is an aging schedule for Halleran Company Number of Days Past Due Not Customer Total Yet Due1-30 31-60 61-90 90 Anders BMake Caulson Deleon Others 22,300 40,600 40,600 57,600 16,900 6,700 10,500 $11,800 $34,000 $33,500 0,300 7,200 $154,100 $33.900 $25,4 $34,000 $39,800 133.20096,000 16,700 13,600 - Esthmated percentage Uncollectible Total Estmated 6% 13% 25% 55% 37,26 1.341 $2,034 3,3028.00 21,890 Bad Debts $11,200 t December 31, 2017, the unadjusted balance in slcmance for Daubtful Accounts is a crede of uoosaricaWy ndented ted Jaurnalize and post the adjusting entry for bad debts at December 3t, 2017. (cit indent manually..) account rities are a Ressryed

Explanation / Answer

1.Journalize the adjusting entry for bad debts at December 2017

Dr Bad Debts Expense26,067 (37,267-11,200)

Cr Allowance for Doubtful Debts 26,067
(Take up doubtful debts at 31 Dec 17)

. Journalize and post to the allowance account the following events and transactions in the year 2018.

31 Mar 2017
Dr Allowance for Doubtful Debts 1,000
Cr Accounts Receivable 1,000
(Write off bad debts)

31 May 2017
Dr Accounts Receivable 1,000
Cr Bad Debts Recovered 1,000
(Recovery of amount written off)

Journalize the adjusting entry for bad debts on December 31, 2018, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $820 and the aging schedule indicates that total estimated bad debts will be $30,400

31 Dec 2018
Dr Bad Debts Expense 30,400+Allowance for Doubtful Accounts(As Allowance for Doubtful Accounts amt is not visible in picture)
Cr Allowance for Doubtful Debts $30,400+Allowance for Doubtful Accounts

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.