Question 2 Mart 20 Quality generated $2.5 million in the sales during the crit year...
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Question 2 Mart 20 Quality generated $2.5 million in the sales during the crit year The balance of the allowance for doubtful accounts at December 1 is 57.500 debil Accounts receivable at December 11 con of the following Account Clasification 1-30 days 31-60 days 61-90 days Over 90 days Amount $350,000 180,000 55,000 21,000 Estimated Purcentage Uncollectible 1.50% 3% 5% 25% 10 12 14 35 Instructions a) Calculate and record the journal entry for bad debt expense for the current year using the aging of accounts receivable approach Marks 9 17 TH 19 0 1 . Journal Entry # Account Description Debit Credit
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