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Katen [24]
3 years ago
13

Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollec

tible accounts. Accounts not yet due = $104,000; estimated uncollectible = 15%. Accounts 1–45 days past due = $14,400; estimated uncollectible = 20%. Accounts more than 45 days past due = $5,700; estimated uncollectible = 25%. Before recording any adjustments, Dhaliwal has a debit balance of $25,700 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts. 2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?
Business
1 answer:
inysia [295]3 years ago
7 0

Answer:

1. Estimate the appropriate 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts.

$19,905 credit balance

2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?

December 31, 202x, adjustment of bad debt expense

Dr Bad debt expense 45,605

    Cr Allowance for uncollectible accounts 45,605

= $19,905 + $25,700 = $45,605

Explanation:

Accounts not yet due = $104,000; estimated uncollectible = 15%. ⇒ bad debt = $104,000 x 15% = $15,600

Accounts 1–45 days past due = $14,400; estimated uncollectible = 20%. bad debt = $14,400 x 20% = $2,880

Accounts more than 45 days past due = $5,700; estimated uncollectible = 25%. bad debt = $5,700 x 25% = $1,425

total bad debt expense = $15,600 + $2,880 + $1,425 = $19,905

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Answer:

A)Minimum = 0.2 minutes

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B) Number of Stations = 3

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Converting to per hour, we get; 240/8 = 30 units per hour.

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Now, operational time(OT) is 8 hours a day. Converting that to minutes, we have =60x8 = 480 minutes

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a 4

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D) for the idle time from the assigned tasks in "c" above, from the "image 2" attached; the percentage of the idle time will be=

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Since we are to convert to decimal,

= 0.425 approximately 0.43

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Describing a former job as a positive experience will reflect badly upon you.<br> t/f
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Theft of intellectual property.

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Answer:

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