a edugen. wileyplus.com 2014, Oswalt Company Had 2012, Sather 014, salt Con Wile

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a edugen. wileyplus.com 2014, Oswalt Company Had 2012, Sather 014, salt Con WileyPLUS: MywileyPLUS I LUS Kimmel, Accounting, 6e ACCOUNTING-FInancial& Managerial y& Practice Assignment Gradebook ORION Downloadable eTextbook Assignment CALCULATOR FULL SCREEN PRINTER VERSTO Presented below s an aging schedule for Ivanhoe Company RCES Number of Days Past Due Customer 1-30 31-60 61-90 Over Total Due 90 Aneesh $23,700 8,700 $15,000 tudy Bird Cope 27,900$27,900 53,500 38,500 126,300 4,900 4,900 $43,700 38,500 $269,900 $110,300 $50,200 $27,200 $43,700 $38,500 8% 12% 24% 61% 3,309 $4,016 $3,264 $10,488 $23,485 Others 77,500 36,600 12,200 Estimated percentage uncollectible 3% 44,5623 Total estimated bad debts At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,900 ournalize the adjusting entry for bad debts at December 31, 2016. (Credit account titles are automatically indented when amount is entered. manually Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Privacy Policy 2000:2018 John Wilev & Sons. Inc. All Rights Reserved. A Division of John Wiley & Sons. Ins

Explanation / Answer

1.

2.

Bad Debt Expense

Allowance for Doubtful Accounts

3. Journalize the 2017 transactions

4.

Allowance for Doubtful Accounts

5. Adjusting entry for bad debts at December 31, 2017

Debit Credit Bad Debt Expense 36662 Allowance for Doubtful Accounts 36662

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