Accounting Notes- Day 15

Accounting Notes- Day 15 - ACCOUNTING2000 10/18/11

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ACCOUNTING 2000 10/18/11 Aging the accounts receivable - customer balances are classified by the length of time  they have been unpaid The desired ending balance for allowance of doubtful accounts is the total of the aging  accounts receivable  Allowance for doubtful accounts is a contra asset CLICKER: A/R is $100,000, 5% of A/R are uncollectible. If allowance for D/A had  $2,000 credit balance before adjusting, what is the amount of adjusting entry?
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online