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    maimil's Avatar
    maimil Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 8, 2009, 04:28 AM
    How to adjust accounts receivable if the estimated percentage of realizable is 70%
    For example..
    accounts receivable 160,000
    less: allowance for uncollectible accounts 16,000
    144,000

    How to adjust accounts receivable if the estimated percentage of realizable is 70%?
    ..
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Dec 14, 2009, 10:44 PM

    1) 100% less 70% = 30%

    2) 30% of $160,000 = $48,000

    3) $48,000 less $ 16,000 = $32,000.

    So, increase the allowance by $32,000.
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