TerryCrew7-2 - Bad Debts Expense 29,600 Allowance for...

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Terry Crew ACCT 101 Problem 7.2 Current Amount Percent Uncollected Estimated Amount Uncollected Current $200,000 5% 10,000 <1 Mth 45,000 20% 9,000 1mth < 2 mth 25,000 40% 10,000 2mth< 1,000 60% 600 Totals 271,000 29,600
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Unformatted text preview: Bad Debts Expense 29,600 Allowance for Doubtful Accounts 29,600 Accounts receivable 200,000 Less: Allowance for doubtful accounts 29,600 Net Realizable Value 170,400...
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