Number of Days Past D… Show more Presented below is an agi

Assignment Help Finance Number of Days Past D… Show more Presented below is an agi

Finance

Number of Days Past D… Show more Presented below is an agi

Number of Days Past D… Show more Presented below is an aging schedule for McCann Company. Number of Days Past Due Number of Days Past Due Number of Days Past Due Number of Days Past Due Number of Days Past Due Number of Days Past Due Number of Days Past Due Customer Total Not Yet Due 1–30 31–60 61–90 Over 90 Amos $ 25,200 $11,900 $13,300 Brian 42,100 $ 42,100 Chevy 61,700 16,500 7,400 $37,800 Drake 36,700 $36,700 Others 137,300 98,400 16,300 16,000 6,600 $303,000 $157,000 $35,600 $29,300 $37,800 $43,300 Estimated Percentage Uncollectible 3% 5% 15% 26% 61% Total Estimated Bad Debts $ 47,126 $ 4,710 $ 1,780 $ 4,395 $ 9,828 $26,413 At December 31, 2012, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,280. Warning Don’t show me this message again for the assignment Ok Cancel (a) Journalize and post the adjusting entry for bad debts at December 31, 2012. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Bad Debts Expense Bad Debts Expense Date Explanation Ref Debit Credit Balance Dec. 31 Adjusting Allowance for Doubtful Accounts Allowance for Doubtful Accounts Date Explanation Ref Debit Credit Balance Dec. 31 Balance Dec. 31 Adjusting • Show less

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