subject
Business, 24.03.2020 16:58 kimjooin02

Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are given below.

Age Interval Balance Estimated Uncollectible Accounts Percent Estimated Uncollectible Accounts Amount
Not past due $4S8,000 1/2 % $2,290
1-30 days past due 50,400 2 1,008
31-60 days past due 22,900 6 1,374
61-90 days past due 16,500 18 2,970
91-180 days past due 11,900 41 4,879
Over 180 days past due 8,700 65 5,655
Total $568,400 $18,176

Assume that the allowance for doubtful accounts for Oufaw Blike Co. had a debit balance of $3,270 as of December 31.

Required:
Journalize the adjusting entry for uncoillectible accounts as of December 31.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 13:50, WhiteWinterRose
Abarbecue sauce producer sells their product in a 20-ounce bottle. their historical process mean has been 20 ounces with a standard deviation of 0.25 ounces. if their tolerance limits are set at 20 ounces plus or minus 1 ounce, what is the process capability ratio of the bottle filling process? (5 points)
Answers: 1
image
Business, 22.06.2019 02:30, altstattlana
Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)
Answers: 2
image
Business, 22.06.2019 19:30, darkremnant14
Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?
Answers: 3
image
Business, 22.06.2019 21:40, cutierosie5136
Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? a. railroadsb. airfreightc. truckingd. pipelinese. waterways
Answers: 2
You know the right answer?
Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivabl...

Questions in other subjects:

Konu
Mathematics, 23.04.2020 01:04