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Accounting
More Info Wrote off as uncollectible the $1,500 account receivable from Blue Carpets and the $800 account receivable from Retired Antiques. Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables. Nov 30 Dec 31 Print Done At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. Age of Accounts Accounts Receivable $234,000 Estimated percent uncollectible 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 130,000 $ 54,000 S 19,000S 31,000 35% corded dou try 0.2% 2% 15% Print Done Accounts Receivable S 248,000 (8,400) Allowance for Uncollectible Accounts Uncollectible Accounts Than nnet the antrioe t put fields and then co Print Done
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