The credit balance of Allowance for Uncollectible Accounts is $975 as of December 31,...
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Accounting
The credit balance of Allowance for Uncollectible Accounts is $975 as of
December 31, 2018 [that is prior to adjustments]
A. Compute bad debt expense recorded for 2018.
B. What is the net amount of accounts receivable to be reported on C-Markets December 31, 2018 balance sheet?
ACCOUNTS RECEIVABLE C-Market reports the following analysis of potential losses in its accounts receivable for the vear 2018. Receivable Balance 0-30 days past dueS89,600 31-60 days past due 39,200 24,400 Estimated Loss (%) 1.0% 3.6% 8.6% Age Past Due 61-90 days past due Over three months 4,400 $157 600 91.0% past due Total The credit balance of Allowance for Uncollectible Accounts is $975 as of December 31, 2018 [that is prior to adjustments A. Compute bad debt t expense recorded for 2018. B. what is the net amount of accounts receivable to be reported on C-Market's December 31, 2018 balance sheet
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