1. Prepare the Samsung Inc has 200 customer accounts in its Accounts receivable subsidiary ledger. On September 31 2004, an aging schedule was prepared. The results are summarized below: GROUP AMOUNT UNCOLLECTIBLE % Estimated Uncollectible Accounts 200,000 Not yet due 1-30 days past due 31-60 days past due Rs 120,000 130,000 61-90 days past due 200,000 30 Over 90 days past due 50,000 Required: Prepare a schedule to compute Estimated Uncollectible Accounts 2558:

1. Prepare the Samsung Inc has 200 customer accounts in its Accounts receivable subsidiary ledger. On September 31 2004, an aging schedule was prepared. The results are summarized below: GROUP AMOUNT UNCOLLECTIBLE % Estimated Uncollectible Accounts 200,000 Not yet due 1-30 days past due 31-60 days past due Rs 120,000 130,000 61-90 days past due 200,000 30 Over 90 days past due 50,000 Required: Prepare a schedule to compute Estimated Uncollectible Accounts 2558:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Jonha's Company had the following accounts receivable (AR) aging schedule. 1-30 31-60 61-90 91+ Company days days days days A $400 $200 $0 $0 B. $500 $100 $0 $0 $400 $400 $0 What % of AR invoices does Jonha's expect to collect in 61-90 days?
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