Reference no: EM132832180

Question - Assume the following information for Sage Hill Corp.

Accounts receivable (beginning balance) $164,000

Allowance for doubtful accounts (beginning balance) 11,460

Net credit sales 932,000

Collections 916,000

Write-offs of accounts receivable 6,100

Collections of accounts previously written off 1,600

Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable.

Required -

a) Determine the ending balance in Accounts Receivable and the unadjusted balance in

b) Allowance for Doubtful Accounts.

c) Prepare the entry to record bad debt expense for the period

D) Determine the ending (adjusted) balance in Allowance for Doubtful Accounts.