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Posted by: Homeworkhelp
Price Quoted by Student: $10
Posted On: 2016-03-24 08:08:40
 
Question

Presented below is an aging schedule for Bosworth Company.

 

P8-3A Presented below is an aging schedule for Bosworth Company.

Customer

Total

Not Yet Due

Number of Days Past Due

130

3160

6190

Over 90

Aneesh

$ 26,000

$ 11,000

$15,000

Bird

46,500

$ 46,500

Cope

64,500

7,500

8,200

$48,800

DeSpears

40,600

$40,600

Others

 

131,000

 

82,400

 

34,700

 

13,900

 

 

 

  

$308,600

 

$136,400

 

$53,900

 

$28,900

 

$48,800

 

$40,600

Estimated percentage uncollectible

 

 

3%

 

8%

 

11%

 

20%

 

63%

Total estimated bad debts

 

$ 46,921

 

$ 4,092

 

$4,312

 

$3,179

 

$ 9,760

 

$25,578

 

At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,200.

 

 

SOLUTION PREVIEW

(a)      Dec.     31      Bad Debts Expense...........................................................          39,721

                                          Allowance for Doubtful Accounts

                                                  ($46,921 $7,200)............................................                                39721


Solutions
SOLUTION (a)     
Price $10
Attachment 1: P8-3A Bosworth Company..doc
Solution Posted By: Homeworkhelp    Posted on: 24-03-2016