Apple Blossom- Allowance for Bad Debts

Apple Blossom- Allowance for Bad Debts - 22,790 Provision...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Apple Blossom Cologne Company Allowance for Bad Debts 2/4/2004 12/31/2003 Allowance  Provision for for Bad Debts Bad Debt Balance at 12-31-02 11,889 2003 write-offs 14,760 (2871.00) 2003 Provision 22,790 22,790 Balance per Client at 12-31-03 19,919 22,790 Adjusting Journal Entries: (AJE # 1) (B-1) (750.00) Adjusted Balance 19,169 22,790 Balance per audit 19,169
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 22,790 Provision For Bad Debts Reasonableness Test: Expected Aged Uncollectable Estimated Age Amount Percent Uncoll. 1 to 30 187,107 (B-1) 1.50% 2,807 30 to 60 20,570 (B-1) 10.00% 2057 60 to 90 1,450 (B-1) 50.00% 725 Over 90 0 (AJE-1) 100.00% Balance for Analysis 5589 Adjusted Balance 19,169 Difference 13,580...
View Full Document

This note was uploaded on 04/26/2010 for the course ACC 639 taught by Professor Mccarthy during the Spring '10 term at St. Johns Duplicate.

Page1 / 2

Apple Blossom- Allowance for Bad Debts - 22,790 Provision...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online