Module4Chapter7HWP7-4Correction

Module4Chapter7HWP7-4Correction - July-October January-June...

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F Balance Dec. 31, 2010 1,220,000 -60000 1,160,000 Summary Age Amount November-December 2010 $1,080,000 July-October 650,000 January-June 420,000 Prior to 1/1/10 150,000 $2,300,000 Journal Entry for Year-End Adjustm Bad Debt Expense 311,600 Allowance for Doubtful Accts
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Fortner Corporation Aging Schedule November - December 2010
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Unformatted text preview: July-October January-June Prior to 1/1/10 $1,080,000 $650,000 $420,000 150,000 % Estimated to be Uncollectible 2% $21,600 10% 65,000 25% 105,000 80% 120,000 $311,600 ent 311,600 Required Balance in Allowance *Year-end balance of allowance for doubtful accounts = $311,600...
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This note was uploaded on 04/06/2011 for the course ACC 300 taught by Professor Barga during the Spring '11 term at St. Leo.

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Module4Chapter7HWP7-4Correction - July-October January-June...

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