1. The following accounts receivable information pertains to Rockman Inc. Past-Due Category Accounts Receivable Total Percentage Uncollect. 8% 0-30 days 31-90 days Over 90 days $84,550 32,230 22,170 16% 37% Estimate the allowance for doubtful accounts for Rockman Inc. based on the aging of receivables information above, and record the year-end adjusting journal entry for bad debt.

1. The following accounts receivable information pertains to Rockman Inc. Past-Due Category Accounts Receivable Total Percentage Uncollect. 8% 0-30 days 31-90 days Over 90 days $84,550 32,230 22,170 16% 37% Estimate the allowance for doubtful accounts for Rockman Inc. based on the aging of receivables information above, and record the year-end adjusting journal entry for bad debt.

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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