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unit3 exercises

# unit3 exercises - Problem 9-2A Enter the appropriate amount...

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Problem 9-2A Name: Rich Pugh Section: AC 116 Unit Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. Customer Due Date Number of Days Past Due Sun Coast Beauty May 30, 2009 ### 215 days Paradise Beauty Store Sept. 15, 2009 ### 107 days Helix Hair Products Oct. 17, 2009 ### 75 days Hairy’s Hair Care Oct. 20, 2009 ### 72 days Surf Images Nov. 18, 2009 ### 43 days Oh The Hair Nov. 29, 2009 ### 32 days Mountain Coatings Dec. 1, 2009 ### 30 days Lasting Images Jan. 9, 2010 ### 0 days 2. and 3. Aging of Receivables Schedule December 31, 2009 Days Past Du Not Past Customer Balance Due 1 - 30 31 - 60 61 - 90 Alpha Beauty 20,000 20,000 Blonde Wigs 11,000 ### 11,000 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Zahn’s Beauty 2,900 2,900 Subtotals 900,000 498,600 217,250 98,750 33,300 Sun Coast Beauty 2,850 ### ### ### Paradise Beauty Store 6,050 ### ### ### Helix Hair Products 800 ### ### ### 800 Hairy’s Hair Care 2,000 ### ### ### 2,000 Surf Images 700 ### ### 700 ### Oh The Hair 3,500 ### ### 3,500 ### Mountain Coatings 2,250 ### 2,250 ### ### Lasting Images 7,400 7,400 ### ### ### Totals 925,550 506,000 ### 219,500 ### 102,950 ### 36,100 Percentage Uncollectible 2% ### 4% ### 10% ### 15% Estimate of Doubtful Accounts 67,210 ### 10,120 ### 8,780 ### 10,295 ### 5,415 4. Bad Debt Expense ### 1,710 ### Allowance for Doubtful Accounts ### 1,710 ###

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t 3 ue Over 91 - 120 120 ~~~~~~~~~~~~~~~~ 29,950 22,150 ### ### 2,850 ### ### 6,050 ### ### ### ### ### ### ### ### ###

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