Chapter 07 Homework 1

Chapter 07 Homework 1 - 9,000 31-60 days 25,000 40% 10,000...

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Professor Smith ACCT151 28 October 2008 Chapter 7 Homework 1 E7,P2,E3,P4 E7) 1) STI 2) CE 3) CE 4) STI 5) LTI 6) STI 7) CE 8) LTI 9) CE 10) CE P2) Category Amount % Uncollectible $ Uncollectible Current $200,000 5% $10,000 Past Due: 1-30 days 45,000 20%
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Unformatted text preview: 9,000 31-60 days 25,000 40% 10,000 Over 60 days 10,000 60% 6,000 Totals $280,000 $35,000 Dec. 31 Bad Debts Expense 22,700 Allowance for Doubtful Accounts 22,700 To record estimated bad debts E3)...
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This note was uploaded on 02/22/2009 for the course ACCT 151 taught by Professor Largay during the Spring '07 term at Lehigh University .

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