Business, 06.05.2020 07:05 kalcius674

A summary of Yvonne’s Fashion's December 31, 2021, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group: Age Group Amount % 0-60 days $40,000 0.5 61-90 days 15,000 1.5 91-120 days 2,000 15.0 Over 120 days 800 80.0 The allowance for uncollectible accounts had a balance of $1,600 at January 1, 2021. During the year bad debts of $1,150 were written off. Prepare all 2016 journal entries with respect to bad debts and the allowances for uncollectible accounts. A. Entry to write off bad debtsB. Adjusting entry for allowance for uncollectible accounts

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A summary of Yvonne’s Fashion's December 31, 2021, accounts receivable aging schedule is presented b...

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