Accounting discussion

cynglchf
timer Asked: May 4th, 2014

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-off method? Does it expect to collect the full amount? E9-4 Using the ageing method to estimate bad debts (15-30 min) Octobet bon At 30 June 2015, the Accounts receivable balance for Easy Card is $300 000. The Allowance doubtful debts has an $8900 credit balance. Easy Card prepares the following ageing scheda for its accounts receivable: Accounts receivable 1-30 days $300 000 Estimated percentage bad Over 90 days Age of accounts 31-60 days 61-90 days $80000 $70000 2.0% 6.096 $140000 0.5% $10000 CHAPTER 9 RECEIVABLES Aequirements 1 Journalise the year-end adjusting entry for bad debts on the basis of the ageing schedule. Show the T-account for the Allowance at 30 June 2015 2 Show how Easy Card will report Accounts receivable on its 30 June 2015 balance sheet. E9-5 Sales, write-offs and bad debt recovery (10 min) Hi-Performance Cell Phones sold $23000 of merchandiset Avery fell on hard times and maid 447 -off method? Does it expect to collect the full amount? E9-4 Using the ageing method to estimate bad debts (15-30 min) Octobet bon At 30 June 2015, the Accounts receivable balance for Easy Card is $300 000. The Allowance doubtful debts has an $8900 credit balance. Easy Card prepares the following ageing scheda for its accounts receivable: Accounts receivable 1-30 days $300 000 Estimated percentage bad Over 90 days Age of accounts 31-60 days 61-90 days $80000 $70000 2.0% 6.096 $140000 0.5% $10000
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