Proehl Company has accounts receivable of $95,100 at March 31, 2010. An analysis of the accounts…
Proehl Company has accounts receivable of $95,100 at March 31, 2010. An analysis of the accounts… | savvyessaywriters.org
Proehl Company has accounts receivable of $95,100 at March 31, 2010. An analysis of the accounts shows these amounts.Credit terms are 2/10, n/30. At March 31, 2010, there is a $2,400 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage of receivables basis for estimating uncollectible accounts. The company’s estimates of bad debts are as shown below.Instructions(a) Determine the total estimated uncollectibles.(b) Prepare the adjusting entry at March 31, 2010, to record bad debts expense.(c) Discuss the implications of the changes in the aging schedule from 2009 to2010.
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Proehl Company has accounts receivable of 95 100 at March 31
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