Answer:
$36,648
Explanation:
age balance % uncollectible total
Not past due $890,000 3/4% $
6,675
1-30 days past due $97,900 2% $
1,958
31-60 days past due $44,500 6% $2,670
61-90 days past due $32,000 16% $
5,120
91-180 days past due $23,100 40% $
9,240
<u>Over 180 days past due $16,900 65% $10,985 </u>
Total $1,104,400 $36,648
journal entry should be:
December 31, 202x, bad debt expense
Dr Bad debt expense 36,648
Cr Allowance for doubtful accounts 36,648
