Hello,May you please answer PART D & E. Part D&E is the portion I'm having trouble with. P9.4 (LO 2), AP Writing Rigney Inc. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accountsreceivable at year-end.WorksheetHomeInsertPage LayoutFormulasDataReviewViewP18fxABDEFG1Number of Days Outstanding2Total0-3077,0001%31-6061-9091-120 Over 12023,0008%34 Accounts receivable 200,000% uncollectible6 Estimated bad debts46,0004%39,0005%15,00020%7Instructionsa. Calculate the total estimated uncollectibles based on the above information.a. Tot. est. bad debts $9,400b. Prepare the year-end adjusting journal entry to record the Bad Debt Expense using the aged uncollectible accounts receivable determined in (a). Assumethe unadjusted balance in Allowance for Doubtful Accounts is a $8,000 debit.c. Of the above accounts, $5,000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account.d. The company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in (c). Prepare the journal entryor entries necessary to restore the account and record the cash collection.e. Comment on how your answers to (a)-(d) would change if Rigney Inc. used 4% of total accounts receivable, rather than aging the accounts receivable.What are the advantages to the company of aging the accounts receivable rather than applying a percentage to total accounts receivable?Journalize entries to record transactions related to bad debts.

Provision for doubtful debts is a provision made out of trade receivables. Such provision is made to…

Answered: May you please answer PART D & E. Part…

Business

Accounting

May you please answer PART D & E. Part D&E is the portion I'm having trouble with.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Can you explain b more? I'm not entirely comprehending it.
For the last entries I am having difficulties understanding, could I have more clarification?
Need urgent answer please. (1) Is COSO relevant for internal control? This is a full question and not any essay question. Need brief and plagirism free answer. Answer should not be too short.
You guys provided me an expert answer? Cuz the table for the part 1 of the p missing as well on volum PR what do i enter? and the part 2 has a table but c utilized.
Assume a world that meets all assumptions of the portfolio theory. In this world we solely trade in securities A and B like depicted in the graph below. Short selling is allowed. xA and XB indicate the proportions of security A and B within a portfolio respectively. P1, P2, P3 and P4 represent portfolios that can be created by trading (either long and/or short) in securhies A and B. P3 is the portfolio with the lowest risk; the risk of P3 is 0%. The risk of security A and B is measured by the standard deviation of the returns in the particular security and equals 20% for both. The correlation coefficient of the returns between A and B is -1. 40% P1 E(R) A 30% P2 20% P3 10% P4 ++ 30% 0% 10% 20% 40% O(R) Question: Indicate which statements are correct. Take into account that everything is possible, from all correct to all wrong.
What are the problems caused by lack of integration? Expalin.
Your solution is wrong see the answers at bottom of the question
where is the correcting entry of the following?
help please, the answers I put are not correct
Briefly discuss the nature of Single entry and double entry system.
2) What do you understand by reports and proposals , kindly share different types of reports .
i don't understand the written solution