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Did I do this right for questions 1?

Did I do this right for questions 1?

Assignment 5
(Due: Sunday, 10/6, 11:00 PM CST)
Accounts Receivable Aging Method
1.
Quebec Market reports the following analysis of potential losses in its accounts receivable:
Receivable
Balance
Age Past Due
0-30 days past due
Estimated
Loss (%)
0.5% 336
1.8% S0
$67,200
31-60 days past due
30,000
61-90 days past due
dustiy
18,000
4.3%
Over 90 days past due
3,300
ISO1.50
ALComas
45.5%
Total
$118,500
3IST.SO
The balance of Allowance for Doubtful Accounts is $600 credit balance on December 31, 2019 prior to
adjustments.
3151.SO -600- 2SS1.S
Required:
a. Compute bad debts expense that will be recorded for 2019. (Round to nearest whole dollar.)
b. What is the amount of net accounts receivable to be reported on Quebec Market's December 31, 2019
balance sheet?
oes'Ril
2,551.50
।।ऽ १५४, ऽ०

Sep 21 2020 Read more Less More

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