On December 31, a company has an unadjusted credit balance of $1,450 in its Allowance for Doubtful Accounts. Following is a schedule of its December 31 accounts receivable by age. Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due Accounts Receivable $ 86,000 Expected Percent Uncollectible 1.00% 51,600 2.50% 17,200 11.00% 61 to 90 days past due Over 90 days past due Total 8,600 37.00% 2,150 77.00% $ 165,550 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Estimated Uncollectible Accounts Receivable Percent Uncollectible Not due: X 1 to 30: X 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles = < Required 1 Required 2 >

Century 21 Accounting Multicolumn Journal
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Chapter14: Accounting For Uncollectible Accounts Receivable
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On December 31, a company has an unadjusted credit balance of $1,450 in its Allowance for Doubtful Accounts. Following is a
schedule of its December 31 accounts receivable by age.
Age of Accounts Receivable
Not yet due
1 to 30 days past due
31 to 60 days past due
Accounts
Receivable
$ 86,000
Expected Percent
Uncollectible
1.00%
51,600
2.50%
17,200
11.00%
61 to 90 days past due
Over 90 days past due
Total
8,600
37.00%
2,150
77.00%
$ 165,550
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Calculate the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable.
Estimated
Uncollectible
Accounts
Receivable
Percent
Uncollectible
Not due:
X
1 to 30:
X
31 to 60:
61 to 90:
Over 90:
Estimated balance of allowance for uncollectibles
=
< Required 1
Required 2 >
Transcribed Image Text:On December 31, a company has an unadjusted credit balance of $1,450 in its Allowance for Doubtful Accounts. Following is a schedule of its December 31 accounts receivable by age. Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due Accounts Receivable $ 86,000 Expected Percent Uncollectible 1.00% 51,600 2.50% 17,200 11.00% 61 to 90 days past due Over 90 days past due Total 8,600 37.00% 2,150 77.00% $ 165,550 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Estimated Uncollectible Accounts Receivable Percent Uncollectible Not due: X 1 to 30: X 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles = < Required 1 Required 2 >
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