Respuesta :
Answer:
Assuming Blain uses the aging method to estimate uncollectible accounts expense, the amount of uncollectible expense will be:
$1050
Explanation:
Aging
Current 10000 2% 200
1-30 5000 5% 250
31-60 3000 10% 300
Over 60 800 50% 400
1150
Allowance bad debts 100
Expense 1050
Answer:
$1050 Using the aging method
Explanation:
$10,000 of accounts receivable that are current
$5,000 that are between 0 and 30 days past due
$3,000 that are between 30 and 60 days past due
$800 that are more than 60 days past due.
The percentages of the following accounts will be uncollectible
2% of $10000 are uncollectible=$200
5% of $5,000=$250
10% of 3000=$300
50% of $800=$400
the sum of the uncollectible is $1150
Note: Blain’s allowance for doubtful accounts account has a $100 positive balance.
so $1150-$100=$1050