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On December 1st, CarPool Inc.'s customers owed them $250,000 from prior credit sales. The analysis...

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Accounting

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On December 1st, CarPool Inc.'s customers owed them $250,000 from prior credit sales. The analysis below estimated the amount CarPool didn't think they would collect: PAST DUE Current 1 - 30 days 31 - 60 days 61 - 90 days more than 90 days $145,000 $35,000 $30,000 $25,000 $15,000 % uncollectible estimate 1% 2% 3% 4% 10% On December 15th, CarPool wrote off a $2,500 receivable from a customer that just filed bankruptcy. At the end of December, CarPool aged their receivables and the results are below. PAST DUE Current 1 - 30 days 31 - 60 days 61 - 90 days more than 90 days $200,000 $40,000 $25,000 $10,000 $5,000 % uncollectible estimate 1% 2% 3% 4% 10% CarPool had $600,000 of credit sales (they only sell on credit) in December. Required Using the aging method Book a journal entry to write-off the customer's receivables. Book a journal entry to record bad debt expense for the month of December. What is net A/R at the end of December? How much cash did Tahoe collect during the period from customers

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