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Q24- AFBA FINAL EXAM LAURA ROSAS 2021-06-11.pdf -...

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Laura ROSASAFB4 - FINAL EXAM2021/06/111 DE 1q24Step 1 : Calculate Target Balance for Allowance AccountAge GroupEstimatedBalanceUncollectiblePercentageCurrent (not yet due)$96,0002%$1,9201-30 days past due$64,0005%$3,20031-60 days past due$16,00015%$2,40061-90 days past due$6,40035%$2,240Over 90 days past due$3,20045%$1,440Total$185,600$11,200Step 2 :Calculation of Bad Debt Expense
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Term
Fall
Professor
Dr. Jane
Tags
Debt, Laura Rosas

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