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DiKsa [7]
3 years ago
5

Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of unc

ollectible accounts. Accounts not yet due = $35,000; estimated uncollectible = 5%. Accounts 1–30 days past due = $10,500; estimated uncollectible = 15%. Accounts more than 30 days past due = $4,500; estimated uncollectible = 25%. Compute the total estimated uncollectible accounts.
Business
1 answer:
stiv31 [10]3 years ago
6 0

Answer:

$4,450

Explanation:

The computation of the total estimated uncollectible accounts is shown below:

= Accounts not yet due × uncollectible percentage + Accounts 1–30 days past due × uncollectible percentage + Accounts more than 30 days past due × uncollectible percentage

= $35,000 × 5% + $10,500 × 15% + $4,500 × 25%

= $1,750 + $1,575 + $1,125

= $4,450

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Answer:

No, it is a bad idea to use only the cost of debt

Explanation:

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3 years ago
On December 31, 2018, the balance in Megan's Products Accounts Receivable was $680,000 and net credit sales amounted to $3,800,0
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Answer:

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Explanation:

The adjusting entry is shown below:

Bad Debt Expense ($40,000 - $3,200)  $36,800

           To Allowance for Doubtful Accounts   $36,800

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5 0
3 years ago
Claire always liked lands' end raincoats, so when she was shopping for a winter coat, she ordered one from lands' end without th
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3 years ago
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Answer:

Fore cadet for fourth quarter us $1085

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One Quarter = 3 months

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7 1055

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Forecast for the fourth quarter is 1085

7 0
3 years ago
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