Aging of Accounts Receivable Example Problem - BALANCE SHEET APPROACH Age of AR Amount of...
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Aging of Accounts Receivable Example Problem - BALANCE SHEET APPROACH Age of AR Amount of AR Current 0-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due >90 Days Past Due $700,000 S100,000 S60,000 S30,000 S10.000 S900,000 %Uncollectible 2% 10% 2590 50% 90% Estimate $14,000 $10,000 $15,000 $15,000 $9,000 $63,000 Total Balance in "Allowance for Doubtful a. $0 $10,000 Credit $10,000 Debit Date Account Descri Debit Credit a. Bad Debt Se Allowance for Doubtful Accounts Bad Debt Se Allowance for Doubtful Accounts Bad Debt Se Allowance for Doubtful Accounts
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