Presented below is an aging schedule for Oriole Company at December 31, 2024. Number of Days Past Due Customer Total Not Yet Due Over 1-30 31-60 61-90 90 Aneesh $ 22,900 $8,800 $14,100 Bird 30,600 $30,600 Cope 46,700 5,300 5,300 DeSpears 35,500 $36,100 $35,500 Others 117,500 73,800 31,600 12,100 $253,200 $109,700 $45,700 $26,200 $36,100 $35,500 Estimated percentage 3% 7% 11% 26% 65% uncollectible Total estimated bad debts $41,833 $3,291 $3,199 $2,882 $9,386 $23,075 At December 31, 2024, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,200. (a1) Journalize the adjusting entry for bad debts at December 31, 2024. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation List of Accounts Debit Crec Your answer is correct. Journalize the adjusting entry for bad debts at December 31, 2024. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Bad Debt Expense Allowance for Doubtful Accounts List of Accounts Using multiple attempts will impact your score. 20% score reduction after attempt 2 (a2) Debit 33,633 Credit 33,633 Attempts: 1 of 3 used Post the adjusting entry for bad debts at December 31, 2024. (Post entries in the order of journal entries presented in the previous part.) List of Accounts Bad Debt Expense Allowance for Doubtful Accounts
Presented below is an aging schedule for Oriole Company at December 31, 2024. Number of Days Past Due Customer Total Not Yet Due Over 1-30 31-60 61-90 90 Aneesh $ 22,900 $8,800 $14,100 Bird 30,600 $30,600 Cope 46,700 5,300 5,300 DeSpears 35,500 $36,100 $35,500 Others 117,500 73,800 31,600 12,100 $253,200 $109,700 $45,700 $26,200 $36,100 $35,500 Estimated percentage 3% 7% 11% 26% 65% uncollectible Total estimated bad debts $41,833 $3,291 $3,199 $2,882 $9,386 $23,075 At December 31, 2024, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,200. (a1) Journalize the adjusting entry for bad debts at December 31, 2024. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation List of Accounts Debit Crec Your answer is correct. Journalize the adjusting entry for bad debts at December 31, 2024. (List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Bad Debt Expense Allowance for Doubtful Accounts List of Accounts Using multiple attempts will impact your score. 20% score reduction after attempt 2 (a2) Debit 33,633 Credit 33,633 Attempts: 1 of 3 used Post the adjusting entry for bad debts at December 31, 2024. (Post entries in the order of journal entries presented in the previous part.) List of Accounts Bad Debt Expense Allowance for Doubtful Accounts
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 9P
Related questions
Question
Transcribed Image Text:Presented below is an aging schedule for Oriole Company at December 31, 2024.
Number of Days Past Due
Customer
Total
Not Yet
Due
Over
1-30
31-60
61-90
90
Aneesh
$ 22,900
$8,800 $14,100
Bird
30,600
$30,600
Cope
46,700
5,300
5,300
DeSpears
35,500
$36,100
$35,500
Others
117,500
73,800
31,600
12,100
$253,200
$109,700 $45,700
$26,200
$36,100
$35,500
Estimated percentage
3%
7%
11%
26%
65%
uncollectible
Total estimated bad debts
$41,833
$3,291
$3,199
$2,882
$9,386
$23,075
At December 31, 2024, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $8,200.
(a1)
Journalize the adjusting entry for bad debts at December 31, 2024. (List debit entry before credit entry. If no entry is required, select
"No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do
not indent manually.)
Date
Account Titles and Explanation
List of Accounts
Debit
Crec
Transcribed Image Text:Your answer is correct.
Journalize the adjusting entry for bad debts at December 31, 2024. (List debit entry before credit entry. If no entry is required, select
"No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do
not indent manually.)
Account Titles and Explanation
Bad Debt Expense
Allowance for Doubtful Accounts
List of Accounts
Using multiple attempts will impact your score.
20% score reduction after attempt 2
(a2)
Debit
33,633
Credit
33,633
Attempts: 1 of 3 used
Post the adjusting entry for bad debts at December 31, 2024. (Post entries in the order of journal entries presented in the previous
part.)
List of Accounts
Bad Debt Expense
Allowance for Doubtful Accounts
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