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    yayaboaboa's Avatar
    yayaboaboa Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Dec 6, 2008, 12:54 AM
    Accounts Receivable and Allowance for Doubtful Accounts
    IF a company sold$ 60000 of merchandise on credit.and Wrote off $10000 of uncollectible accounts receivable.Received $20000 cash in payment of accounts receivable.
    In adjusting the accounts , the company estimated that 0.5% of accounts receivable will be uncollectible.


    How can I account the ending Allowance for Doubtful Accounts ?
    <60000-10000-20000>* 0.5%is right?
    :confused::confused::confused:
    vikkie321's Avatar
    vikkie321 Posts: 1, Reputation: 1
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    #2

    Mar 9, 2009, 07:59 PM

    How do i determine the total estimated uncollectibles, when march 31, 2007 acct. rec. was $95,100 and month of sales was 65,000
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #3

    Mar 10, 2009, 05:46 AM

    At least try to answer the question yourself first. Me giving you the answer won't help you learn.
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