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Chapter Twelve: Accounts Receivable/Notes Receivable Worksheet ab bed no voilog a'ynsgmoo y ltoW.e Directions: Complete the following estimation of bad debt expense using aging. Industry averages bna eleeeo ai ovo elotnoo lametni a'vnsgmoo uoy onnevo opsq e s olhW.o show that 97 % of accounts receivable 0-30 days past due will pay, 88% of accounts A yexo 8ensthad riW vlamoo vorl wor our organ receivable 31-60 days past due will pay, 50% of accounts receivable 61-90 days past due will pay, and 12 % of accounts receivable 91 days past due and over will pay. The unadjusted allowance for bad debt is currently $17,000 debit. After completing the worksheet, create the journal transactions that would be included with process. 2Whet s the compeny's umover ratio? Wht i ta company's days coles collected? 4Compare your o AR ve tio and days cecied ratio to its pellon? How does your compuny scalecion afortecompr to compoltons? What in your conpany's palicy oncaocting on socurts Wh your comp bd ebu7 Chapter Twelve: Accounts Receivable/Notes Receivable Worksheet ab bed no voilog a'ynsgmoo y ltoW.e Directions: Complete the following estimation of bad debt expense using aging. Industry averages bna eleeeo ai ovo elotnoo lametni a'vnsgmoo uoy onnevo opsq e s olhW.o show that 97 % of accounts receivable 0-30 days past due will pay, 88% of accounts A yexo 8ensthad riW vlamoo vorl wor our organ receivable 31-60 days past due will pay, 50% of accounts receivable 61-90 days past due will pay, and 12 % of accounts receivable 91 days past due and over will pay. The unadjusted allowance for bad debt is currently $17,000 debit. After completing the worksheet, create the journal transactions that would be included with process. 2Whet s the compeny's umover ratio? Wht i ta company's days coles collected? 4Compare your o AR ve tio and days cecied ratio to its pellon? How does your compuny scalecion afortecompr to compoltons? What in your conpany's palicy oncaocting on socurts Wh your comp bd ebu7

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