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28 May 2018
16. The unadjusted balance of the allowance for doubtful accounts of Johnstone Supplies, Inc., is a credit balance in the amount of $28,947 on July 31, 2005. Based on the accounts receivable aging report, bad debt expense will be: Johnstone Supplies, Inc. Accounts Receivable Aging Report, July 31, 2005 Accounts receivable by due Account Total date Note yet due $126,500 1-30 days past due $89,200 31-60 pays past due $53,600 Over 60 days past due $31,800 Estimated % uncollectible 2% 12% 18% 35% A) B) $34,012 $5,065. $62,959. $50,434. D)
16. The unadjusted balance of the allowance for doubtful accounts of Johnstone Supplies, Inc., is a credit balance in the amount of $28,947 on July 31, 2005. Based on the accounts receivable aging report, bad debt expense will be: Johnstone Supplies, Inc. Accounts Receivable Aging Report, July 31, 2005 Accounts receivable by due Account Total date Note yet due $126,500 1-30 days past due $89,200 31-60 pays past due $53,600 Over 60 days past due $31,800 Estimated % uncollectible 2% 12% 18% 35% A) B) $34,012 $5,065. $62,959. $50,434. D)
Jean KeelingLv2
30 May 2018