08-2A_9e - Yellowstone Sports 2,900 2,900 Subtotals 880,000...

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Problem 8-2A Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. Customer Due Date Number of Days Past Due Baitfish Sports & Flies June 21, 2007 193 days Kiwi Flies September 9, 2007 113 days Adams Co. September 30, 2007 92 days Bailey Sports October 17, 2007 75 days Prince Sports November 18, 2007 43 days Cahill Co. November 28, 2007 33 days Wintson Company December 1, 2007 30 days Goofus Bug Sports January 6, 2008 0 days 2. and 3. Aging of Receivables Schedule December 31, 2007 Days Past Due Not Past Customer Balance Due 1 - 30 31 - 60 61 - 90 Alexandria Fishery 15,000 15,000 Cutthroat Sports 5,500 5,500 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Unformatted text preview: Yellowstone Sports 2,900 2,900 Subtotals 880,000 448,600 247,250 98,750 33,300 Baitfish Sports & Flies 1,750 - - - - Kiwi Flies 650 - - - - Adams Co. 1,500 - - - - Bailey Sports 600 - - - 600 Prince Sports 950 - - 950 - Cahill Co. 2,000 - - 2,000 - Wintson Company 2,250 - 2,250 - - Goofus Bug Sports 6,200 6,200 - - - Totals 895,900 454,800 249,500 101,700 33,900 Percentage Uncollectible 2% 5% 10% 25% Estimate of Doubtful Accounts 76,171 9,096 12,475 10,170 8,475 4. Bad Debt Expense 79,370 Allowance for Doubtful Accounts 79,370 Over 91 - 120 120 ~~~~~~~~~~~~~ 29,950 22,150 - 1,750 650 - 1,500 - - - - - - - - - - - 32,100 23,900 45% 90% 14,445 21,510...
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