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

    Mar 16, 2010, 01:46 AM
    The aging of Freedom Sales is shown below. Calculate the amount of each periodicity
    The aging of Freedom Sales is shown below. Calculate the amount of each periodicity range that is deemed to be uncollectible. The Allowance for Doubtful Accounts carries a credit balance of $1,135.00. Write the adjusting entry for the end of the current year.

    ANS:
    Est Uncollectible Accts
    Age Interval: Balance: Percentage: Amount:
    Not past due 750,000 2.50%
    1~30 days past due: 47,500 5.00%
    31~60 days past due: 21,750 10.00%
    61~90 days past due: 11,250 20.00%
    91~180 days past due: 5,065 30.00%
    181~365 days past due: 2,500 50.00%
    Over 365 days past due: 1,145 95.00%
    Total: 839,210
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Mar 16, 2010, 01:48 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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