Uploaded imagean aging schedule for accounting

Reference no: EM13600305

Uploaded imageAn aging schedule for Accounting companycustomer Totals: $285,000.total Est Bad Debts $42.610

At December 31, 2012, the unadjusted balance in allowance for doubtful accounts is a credit of $12,000
Instructions:
(a) Journalize and post theadjusting entry for bad debts at Dec 31, 2012
(b) Jounalize and post to the allowance account the following events and transaction in the year 2013.

1. March 31, a $1,000 customer balance orginating in 2012 is judged uncollectible.
2. May 31, a check for $1,000 is received from the customers whos account was written off as uncollectable on March 31.

Reference no: EM13600305

Questions Cloud

Determine the price o a 1 million bond issue under each of : determine the price o a 1 million bond issue under each of the following independent assumptions

Staffing organization answer the following 5 questions : answer the following 5 questions below please use my course textbook only. ltbrgt ltbrgtcourse textbook ltbrgt

Galos corporation uses the fifo method in its process : galos corporation uses the fifo method in its process costing system. the grinding department started the month with

In february one of the processing departments at grosz : in february one of the processing departments at grosz corporation had beginning work in process inventory of 18000 and

Uploaded imagean aging schedule for accounting : uploaded imagean aging schedule for accounting companycustomer totals 285000.total est bad debts 42.610at december 31

You are an accountant at a local cpa firm that is auditing : you are an accountant at a local cpa firm that is auditing the accounting records of abc company. you have been asked

Gavin and alex baseball consultants are in need of a : gavin and alex baseball consultants are in need of a microcomputer network for their staff. they have received three

On june 15 2011 sanderson construction entered into a : on june 15 2011 sanderson construction entered into a long-term construction contract to build a baseball stadium in

Fallgatter inc expects to sell 18000 units each unit : fallgatter inc. expects to sell 18000 units. each unit requires 3 pounds of direct materials at 12 per pound and 2

User Account

All Pages