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Aging A/R report : Current Past due 1-30 Past due 31-60 Past due 61 +...

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Accounting

Aging A/R report : Current Past due 1-30 Past due 31-60 Past due 61 + $55,000 $75,000 $28,000 $13,000 Total A/R : $171,000 Sales : $2,300,000 a) Make provision based on A/R (1%). Provide JE. b) Make provision based on sales (2.25%). Provide JE. c) Based on Aging : a. Make provision (current 1%), (1-30 1.8%), (31-60 3%), (61+ 5%). Provide JE. b. Write-off $1,210. Provide JE. c. Collect account that was write-off.

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