Following is a list of credit customers along with their amounts owed and the days...
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Accounting
Following is a list of credit customers along with their amounts owed and the days past due at December 31 . Also shown are five classifications of accounts receivable and estimated bad debts percent for each class. 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. 2. Assuming an unadjusted credit balance of $150, record the required adjustment to the Allowance for Doubtful Accounts. Complete this question by entering your answers in the tabs below. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts
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