Chapter 9 week 4 E9-17

Chapter 9 week 4 E9-17 - E9­17 Easy Card ­ Age of Account...

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Unformatted text preview: E9­17 Easy Card ­ Age of Account 1­30 Days 31­60 Days 61­90 Days Over 90 Days Total $ 140,000 $ 80,000 $ 70,000 $ 10,000 $ 300,000 Estimated percent uncollectible Total Allowance Uncollected Accounts $ 700 $ 1,600 $ 4,200 $ 5,000 $ 11,500 0.05% 2.00% 6.00% 50% Journal Entry Uncollectible Account Expense $ 11,500 Allowance for Uncollectible Accounts $ 11,500 Uncollectible Account Allowance December 31, 2008 Accounts Receivable Allowance for Uncollectible Accounts 300,000 11,500 Balance Sheet December 31, 2008 Accounts Receivable Less: Allowance for uncollected accounts Accounts Receivable, net $300,000 ­11,500 $288,500 ...
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This note was uploaded on 06/13/2011 for the course ACC 205 taught by Professor Robertcarr during the Spring '10 term at Ashford University.

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Chapter 9 week 4 E9-17 - E9­17 Easy Card ­ Age of Account...

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