6 68 Aging Of Accounts Consider The Following Analysis Of Accounts Receivable February 28 20xo Name Of Customer Total 1 (46.74 KiB) Viewed 111 times
6 68 Aging Of Accounts Consider The Following Analysis Of Accounts Receivable February 28 20xo Name Of Customer Total 2 (56.11 KiB) Viewed 111 times
6-68 Aging of Accounts Consider the following analysis of Accounts Receivable, February 28, 20XO: Name of Customer Total Remarks Akita Nurseries $ 25,000 20% over 90 days, 80% 61-90 days Michael's Landscaping 8,000 75% 31-60 days, 25% under 30 days Rose's Garden Supply 12,000 60% 61-90 days, 40% 31-60 days Loring Farm 20,000 All under 30 days Hjortshoj Florists 4,000 25% 61-90 days, 75% under 30 days Other accounts (each detailed) 80,000 50% under 30 days, 30% 31-60 days, 15% 61-90 days, 5% over 90 days
Total $149,000 Prepare an aging schedule, classifying ages into four categories: 1-30 days, 31-60 days, 61-90 days, and over 90 days. Assume that the prospective bad debt percentages for each category are .2%,.8%, 10%, and 85%, respectively. What is the ending balance in Allowance for Uncollectible Accounts?
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