Solution-Calculate the estimated uncollectible

Calculate the estimated uncollectible

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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

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Calculate the estimated uncollectible

Reference no: EM13539965

Reference no: EM13539965

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