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-   -   Aging analysis for year-end accounts receivable (https://www.askmehelpdesk.com/showthread.php?t=681397)

  • Jul 11, 2012, 04:12 AM
    Charlottej
    Aging analysis for year-end accounts receivable
    Adjusting trial balance includes:
    Accts receivable $1,056,561. Debit
    Allow. For deoubtful accts $10,260. Debit

    An aging analysis estimates that 6% of yeare-end accts receivable are uncollectible

    Adjusting entry

    Bad debts expense??
    Allow. For doubtful accts??


    How do you compute?
  • Jul 11, 2012, 05:47 AM
    paraclete
    Quote:
    Originally Posted by Charlottej View Post
    adjusting trial balance includes:
    accts receivable $1,056,561. debit
    allow. for deoubtful accts $10,260. debit

    an aging analysis estimates that 6% of yeare-end accts receivable are uncollectible

    adjusting entry

    bad debts expense ?????????
    allow. for doubtful accts ???????????


    how do you compute?
    6% of 1056561=

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