Apple Blossom- Allowance for Bad Debts_1

Apple Blossom- Allowance for Bad Debts_1 -...

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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 X 2003 write-offs 14,760 Y (2871.00) 2003 Provision 22,790 Z 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 N 22,790 Balance per audit 19,169 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 (1) 100.00% 0 Balance for Analysis 5589 Adjusted Balance 19,169 Difference
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Apple Blossom- Allowance for Bad Debts_1 -...

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