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Other Fields Homework Help Accounting Topic started by: tivo on Feb 20, 2017



Title: Capital Masonry has given you the following information from its aging of Accounts Receivable. Using ...
Post by: tivo on Feb 20, 2017
Capital Masonry has given you the following information from its aging of Accounts Receivable. Using this information, determine the amount of the journal entry to record the estimated uncollectible accounts.

Current   $22,000    1% uncollectible
31-60 days    5,500    6% uncollectible
61-90 days    2,400    10% uncollectible
91 and up    900    18% uncollectible

The current balance in Allowance for Doubtful Accounts is a $146 debit.
A) $952
B) $1,098
C) $1,759
D) $806


Title: Re: Capital Masonry has given you the following information from its aging of Accounts Receivable. ...
Post by: largerthanlife on Feb 20, 2017
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Title: Re: Capital Masonry has given you the following information from its aging of Accounts Receivable. Using ...
Post by: tivo on Apr 10, 2017
Luckily this is the last business course I'll be taking. Thank you greatly