The accounting treatment of making provision for bad debts under Aging of accounts receivable method. Given information: Opening balance of provision for doubtful accounts is $23,108. Currents Debtors is for $ 237,000, Allowance to be provided is 2%. Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%. Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%. Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%. Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

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Answer 1

Question

Chapter 9, Problem 9.14BE

To determine

The accounting treatment of making provision for bad debts under Aging of accounts receivable method.

Given information:

Opening balance of provision for doubtful accounts is $23,108.

Currents Debtors is for $ 237,000, Allowance to be provided is 2%.

Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%.

Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%.

Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%.

Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

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Answer 2

Question

Chapter 9, Problem 9.14BE

To determine

The accounting treatment of making provision for bad debts under Aging of accounts receivable method.

Given information:

Opening balance of provision for doubtful accounts is $23,108.

Currents Debtors is for $ 237,000, Allowance to be provided is 2%.

Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%.

Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%.

Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%.

Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

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Answer 3

Question

Chapter 9, Problem 9.14BE

To determine

The accounting treatment of making provision for bad debts under Aging of accounts receivable method.

Given information:

Opening balance of provision for doubtful accounts is $23,108.

Currents Debtors is for $ 237,000, Allowance to be provided is 2%.

Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%.

Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%.

Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%.

Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

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Answer 4

Question

Chapter 9, Problem 9.14BE

To determine

The accounting treatment of making provision for bad debts under Aging of accounts receivable method.

Given information:

Opening balance of provision for doubtful accounts is $23,108.

Currents Debtors is for $ 237,000, Allowance to be provided is 2%.

Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%.

Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%.

Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%.

Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

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Answer 5

Chapter 9, Problem 9.14BE

To determine

The accounting treatment of making provision for bad debts under Aging of accounts receivable method.

Given information:

Opening balance of provision for doubtful accounts is $23,108.

Currents Debtors is for $ 237,000, Allowance to be provided is 2%.

Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%.

Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%.

Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%.

Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

Answer 6

Chapter 9, Problem 9.14BE

To determine

The accounting treatment of making provision for bad debts under Aging of accounts receivable method.

Given information:

Opening balance of provision for doubtful accounts is $23,108.

Currents Debtors is for $ 237,000, Allowance to be provided is 2%.

Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%.

Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%.

Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%.

Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

Answer 7

Chapter 9, Problem 9.14BE

To determine

The accounting treatment of making provision for bad debts under Aging of accounts receivable method.

Given information:

Opening balance of provision for doubtful accounts is $23,108.

Currents Debtors is for $ 237,000, Allowance to be provided is 2%.

Debtors of 1-30 days past due is for $ 127,400, Allowance to be provided is 7%.

Debtors of 31-60 days past due is for $ 110,000, Allowance to be provided is 20%.

Debtors of 61-90 days past due is for $ 56,000 Allowance to be provided is 40%.

Debtors of Over 90 days past due is for $ 19,600, Allowance to be provided is 100%.

Answer 8

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Answer 9

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Answer 10

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Answer 11

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