Copy of 01-4B_22e - Zabka's 2,900 2,900 Subtotals 780,000...

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Problem 9-2B 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 Uniquely Yours July 1, 2007 183 days Paradise Beauty Store September 29, 2007 93 days Morgan's Hari Products October 17, 2007 75 days Hairy's Hair Care October 31, 2007 61 days Superior Images November 18, 2007 43 days Oh The Hair November 30, 2007 31 days Mountain Coatings December 1, 2007 30 days Theatrical Images January 3, 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 Daytime Beauty 20,000 20,000 Blount Wigs 11,000 11,000 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Unformatted text preview: Zabka's 2,900 2,900 Subtotals 780,000 398,600 197,250 98,750 33,300 Uniquely Yours 1,200 - - - - Paradise Beauty Store 1,050 - - - - Morgan's Hair Products 800 - - - 800 Hairy's Hair Care 2,000 - - - 2,000 Superior Images 700 - - 700 - Oh The Hair 3,500 - - 3,500 - Mountain Coatings 1,000 - 1,000 - - Theatrical Images 6,200 6,200 - - - Totals 796,450 404,800 198,250 102,950 36,100 Percentage uncollectible 2% 4% 10% 15% Estimate of doubtful accounts 61,266 8,096 7,930 10,295 5,415 4. Bad Debts Expense 51,716 Allowance for Doubtful Accounts 51,716 Over 91 - 120 120 ~~~~~~~~~~~~~~ 29,950 22,150 - 1,200 1,050 - - - - - - - - - - - - - 31,000 23,350 35% 80% 10,850 18,680...
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This note was uploaded on 08/28/2009 for the course ACCT 2301 taught by Professor Ragsdale during the Spring '09 term at North Central Texas College.

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Copy of 01-4B_22e - Zabka's 2,900 2,900 Subtotals 780,000...

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