Dominion Importing Co has the following list of accounts receivables on December The terms on all sales invoices are net days.
Name of Customer Date on Invoice Amount
Andosa, Conrad Jul. $
Bellini, Thomas Sept.
Decker, Sylvia Dec.
Evans, John Sept.
Fu Jane Nov.
Gignac, Arthur Oct.
Leake, Mitch Oct.
Moore, Stephen Aug.
Orb, Chris Nov.
Sigurdson, Rob Nov.
Woo, Michael Dec.
Other customers Dec.
aMake a schedule of accounts receivable by age using the same headings as shown in Figure Each invoice is due days after the invoice date shown. Calculate the percentage that each category represents of the total accounts receivable.
bUsing the following percentages for probable loss, compute the estimated loss from uncollectible accounts:
Not yet due
days past due
days past due
days past due
Over days past due
cRecord the General Journal entry for the estimated uncollectible receivables at yearend December
