Question 1 of 4 <> 173 (a) Your answer is correct. Complete the aging schedule. Number of Days Outstanding Accounts Estimated % Total Estimated Receivable Uncollectible Uncollected Accounts 0-45 days $ 15340 $767,000 2% 46-90 days 226,000 4% 9040 Over 90 days 16800 112,000 15% Total 41180 $1,105.000 eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Canarie's allowance for doubtful accounts had a credit balance of $12,140 before adjustment. (List all debit entries before credit entries. Credit account titles are

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 1 of 4
>
1/3
(a)
Your answer is correct.
Complete the aging schedule.
Number of Days
Accounts
Estimated %
Total Estimated
Outstanding
Receivable
Uncollectible
Uncollected Accounts
0-45 days
$
15340
$767,000
2%
46-90 days
9040
226,000
4%
Over 90 days
112,000
15%
Total
2$
41180
$1,105,000
eTextbook and Media
List of Accounts
Attempts: 1 of 3 used
(b)
Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Canarie's allowance for doubtful
accounts had a credit balance of $12,140 before adjustment. (List all debit entries before credit entries. Credit account titles are
automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles
I!
Transcribed Image Text:Question 1 of 4 > 1/3 (a) Your answer is correct. Complete the aging schedule. Number of Days Accounts Estimated % Total Estimated Outstanding Receivable Uncollectible Uncollected Accounts 0-45 days $ 15340 $767,000 2% 46-90 days 9040 226,000 4% Over 90 days 112,000 15% Total 2$ 41180 $1,105,000 eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Canarie's allowance for doubtful accounts had a credit balance of $12,140 before adjustment. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles I!
Question 1 of 4
>
1/3
uVeI /0uay>
112,000
15%
Total
2$
41180
$1,105,000
eTextbook and Media
List of Accounts
Attempts: 1 of 3 used
(b)
Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Canarie's allowance for doubtful
accounts had a credit balance of $12,140 before adjustment. (List all debit entries before credit entries. Credit account titles are
automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles
and enter O for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
June 30
eTextbook and Media
List of Accounts
Save for Later
Attempts: 0 of 3 used
Submit Answer
!!
Transcribed Image Text:Question 1 of 4 > 1/3 uVeI /0uay> 112,000 15% Total 2$ 41180 $1,105,000 eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare the adjusting journal entry to record bad debts expense at June 30 assuming that Canarie's allowance for doubtful accounts had a credit balance of $12,140 before adjustment. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 30 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer !!
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