Allowance for Bad Debts Account Assignment | Top Universities

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February 12th, 2020

9 of 12 (8 complete) Score: 0 of 1 pt E8-20 (similar to) tho iron to below. balance of GPC Technology is $195,000 The Allowance for Bad Debts account has a $11,8500 debit balance GPC Technology prepares the following aging schedule for its accounts receivable Read the requirements

Requirement 1, Journalize the year-end adjusting entry for bad debts on the basis of the acing schedule, Show the T-account for the Allowance for Bad Debts at December 31, 2018. read Debts by using Begin by determining the target balance of Allowance1 age of each account Age of Accounts 1-61 1-30 61-90 Over 90 Total Days Days Days Days Balance Accounts Receivable 30,.000 70.000 30.000 S 15.000 0.5 4,0 8.0. 40 C Estimated percent uncollectible Estimated total uncollectible Requirements 1. Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance Bad Debts at December GPC Technology report its net accounts receivable on its December 2018, balance sheet. Print Done. Get Accounting Homework Help Today.

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