Module4Chapter7HWP7-4

Module4Chapter7HWP7-4 - January-June Prior to 1/1/10...

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F Balance Dec. 31, 2010 2,240,000 Summary Age Amount November-December 2010 $1,020,000 July-October 650,000 January-June 420,000 Prior to 1/1/10 150,000 $2,240,000 Journal Entry for Year-End Adjustm Bad Debt Expense 310,400 Allowance for Doubtful Accts
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Fortner Corporation Aging Schedule November - December 2010 July-October
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Unformatted text preview: January-June Prior to 1/1/10 $1,080,000 $650,000 $420,000 150,000 (60,000) $1,020,000 % Estimated to be Uncollectible 2% $20,400 10% 65,000 25% 105,000 80% 120,000 $310,400 ent 310,400 Required Balance in Allowance *Year-end balance of allowance for doubtful accounts = $3104000...
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Module4Chapter7HWP7-4 - January-June Prior to 1/1/10...

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