Home / Questions / Calculate the estimated uncollectible accounts from the following aging analysis. b) Prep
Calculate the estimated uncollectible accounts from the following aging analysis.
b) Prepare the adjusting journal entry. The unadjusted balance of the allowance account is $100 credit.

GROSS REC. 
ESTIMATED % LOSS 
AMOUNT NEEDED IN ALLOW. ACCT 
Not yet due
Days past due 130 3160 6190 Over 90 days 
$5,200
2,000 820 200 160 
3
4 10 20 50 

Total Accts. Rec.


Tot. Required in Allowance 

12)
a) Calculate the estimated uncollectible accounts from the following aging analysis.
b) Prepare the adjusting journal entry. The unadjusted balance of the allowance account is $100 credit.

GROSS REC. 
ESTIMATED % LOSS 
AMOUNT NEEDED IN ALLOW. ACCT 
Not yet due
Days past due 130 3160 6190 Over 90 days 
$4,000
2,500 900 600 300 
2
3 12 25 40 

Total Accts. Rec.


Tot. Required in Allowance 
Dec 06 2019 View more View Less
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