User Account

All Pages

Calculate the estimated uncollectible

Assignment Help Cost Accounting
Reference no: EM13539965

The Open Accounts Receivable aging is as follows for December 31, 2008:

Current

1-30

31-60

61-90

Over 90 days

75000

38000

15000

8000

12000

Using the following estimated percentage uncollectible

Current

3%

1-30 days past due

8%

31-90 days past due

27%

Over 90 days

52%

A. Calculate the estimated uncollectible

B. Assuming there is a debit balance in Allowance for Doubtful Accounts of $1,712. Prepare the adjusting entry at December 31, 2008 to record bad debt expense.

Reference no: EM13539965

Questions Cloud

What is the cutoff frequency for this metal : Electrons are ejected from a certain metallic surface with speeds ranging up to 4.2 105 m/s when light with a wavelength of ? = 615 nm is used. What is the work function of the metal?
Evaluate effect on the company total net operating income : Determine the effect on the company total net operating income of accepting the special order. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.
Obtain the struck balls velocity after the collision : A billiard ball moving at 6.00 m/s strikes a stationary ball of the same mass. After the collision, the first ball moves at 4.94 m/s at an angle of 34.5° with respect to the original line of motion, find the struck ball's velocity after the collisi..
Evaluate how many turns are in the secondary : A step down transformer is designed to have an output voltage of 19.5 V when the primary is connected to the 120 V. how many turns are in the secondary
Calculate the estimated uncollectible : Calculate the estimated uncollectible - Prepare the adjusting entry at December 31, 2008 to record bad debt expense.
Determine the maximum voltage induced in the loop : A loop of area 0.100 m^2 is rotating at 3600 rpm (revolutions per minute) with an axis of rotation perpendicular to a 0.20 T magnetic field. what is the maximum voltage induced in the loop
Compute the cost to produce one helmet : Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns - Compute the cost to produce one helmet
What is the magnetic flux across the surface : The magnetic field in a certain region is 0.128 , and its direction is that of the axis in the figure. What is the magnetic flux across the surface ?
How much kinetic energy will it have when it hits the ground : A 200kg projectile is launched with a speed of 50m/s at an angle of 30o from level ground. How much Kinetic Energy will it have when it hits the ground

Reviews

Write a Review

Cost Accounting Questions & Answers

  Find the break-even point in board feet

Find the break-even point in board feet for Factory A and Factory B and If the company wants to create an after-tax profit of $2 million with Factory B, how many board feet would the company have to process and sell?

  Prepare an income statement for the current year

Prepare an income statement for the current year ended April 30, 2008 - The assets and liabilities of Chickadee Travel Service at April 30, 2008, the end of the current year

  Evaluate the cash balance

Evaluate the cash balance at the end of the first year for Alpaca Corporation

  Compute variable-overhead spending variance

Construct an Excel spreadsheet to solve the preceding requirement. Show how the solution will change if the following information changes: actual output was 9,100 cases, and actual variable overhead was $395,000.

  Prepare an adjusted trial balance

Prepare an adjusted trial balance and prepare the following financial statements: Income Statement, Owner's Equity Statement, and CLASSIFIED Balance Sheet.

  Evaluate the fixed portion of the electrical cost

Wilson Company's activity for the first six of the current year, Using the high-low method, Evaluate the fixed portion of the electrical cost each month

  Determine the total product cost for the year

Determine the total product cost for the year and determine the total cost of the ending inventory.

  Question late in 2009 joan seceda and four other investors

question late in 2009 joan seceda and four other investors took the chain of becker department stores private and the

  Where would these translation gains or losses show up

At the current spot rate of $0.21/NKr, calculate Halon Norway's accounting exposure under the current/noncurrent, monetary/nonmonetary, temporal, and current rate methods.

  Evaluate how much of the factory overhead cost

Find what total overhead costs would you expect the company to incur at an operating level of 66,330 machine-hours?

  What kind of allocation rate structure would you recommend

Does your support department give significant support to other support departments, and does it receive important support from other support departments?

  What will be the new return on stockholders equity

what will be the new return on stockholders' equity? Assume that the profit margin stays the same as do current and long-term liabilities and what would happen to return on equity if the debt-to-total-assets ratio decreased to 60 percent?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd