Matthew_McCoy_P7-3

Matthew_McCoy_P7-3 - Less: Allowance for Doubtful Accounts...

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Matthew McCoy P7-3 Days Outstanding Amount Exp. % uncollectible Est. Uncollectible 0-15 days $300,000  0.02 6000 16-30 days 100,000 0.1 10000 31-45 days 80,000 0.15 12000 46-60 days 40,000 0.2 8000 61-75 days 20,000 0.45 9000 Balance for Allowance for Doubtful Accounts 45000 Accounts Receivable ($550,000 - $15,000) $540,000 
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Unformatted text preview: Less: Allowance for Doubtful Accounts $45,000 Accounts Receivable (net) $495,000 Estimated amount required for Allowance for Doubtful Accounts Balance in the account after write-off but before adjustment Required charge to expense $45,000 $25,000 $20,000...
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This note was uploaded on 09/24/2011 for the course ACCT 330 taught by Professor Sheik during the Spring '11 term at Mountain State.

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Matthew_McCoy_P7-3 - Less: Allowance for Doubtful Accounts...

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