THE ANSWERS WERE NOT CORRECT. HERE ARE CORRECT. NEED HELP WITH JOURNAL ENTRIES date Dec31....

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Accounting

THE ANSWERS WERE NOT CORRECT. HERE ARE CORRECT. NEED HELP WITH JOURNAL ENTRIES date Dec31. bad credits.
The mansger eaks you to saskt herwith the dots enslytics on bod debts expense et yearend. To do this, you sccess the follawing
Teblesu Dsshboerd for your company.
Muluuls nocovale (F)
Estimste the bsisnce of the Alowance for Doubtiul Accounts uaing aging of accounts recelvable
2 Mske the sdjusting entry to record Bod Debta Expense sasuming the unodjusted bo ance In the Allowence for Doubtful Accounts ls
a $5,000 crecit and use of the sging of accounts recelvables method.
Mske the sdjusting entry to record Bsd Debts Expense sasuming the unsdjusted bolance in the Allowence for Doubtiul Accounts is
on $8,000 debt snd use of the sging of accounts recelvobles method.
Bosed an further snalyale, sasume we find that the percentsges in the grsphic "Percent Uncolectible by Age" sre too high. When
olerting the msnoger, she responds that thls is intentionsl. Whet are the income statement impects from the overstated percenteges:
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Anctuired.
Estimate the balance of the Alawance far Doubtful Accounts usinq soing of accounts recolvable Tableau DA 7-3(Static): Mini-Case, Aging of receivables method and adjusting entries LO P3
The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company.
1. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable.
2. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $5,000 credit and use of the aging of accounts receivables method.
3. Make the adjusting entry to record Bad Debts Expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is an $8,000 debit and use of the aging of accounts receivables method.
4. Based on further analysis, assume we find that the percentages in the graphic Percent Uncollectible by Age are too high. When alerting the manager, she responds that this is intentional. What are the income statement impacts from the overstated percentages?
image

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