The following information is available regarding the outstanding accounts receivable of Mufu Contracting at September 30
Posted: Thu May 19, 2022 3:44 pm
The following information is available regarding the outstanding
accounts receivable of Mufu Contracting at September 30,
2020:
*All services are performed on terms of n/30. Assume all sales
occurred on the last day of the month.
Mufu estimates bad debts using the following rates:
Required:
a. Complete a Schedule of Accounts Receivable
by Age at September 30, 2020. (Enter your "Percent
uncollectible" answers in 1 decimal place.)
b. The Allowance for Doubtful Accounts showed
an unadjusted balance on September 30, 2020, of $2,500. Record the
adjusting entry at September 30, 2020, to estimate uncollectible
accounts.
accounts receivable of Mufu Contracting at September 30,
2020:
*All services are performed on terms of n/30. Assume all sales
occurred on the last day of the month.
Mufu estimates bad debts using the following rates:
Required:
a. Complete a Schedule of Accounts Receivable
by Age at September 30, 2020. (Enter your "Percent
uncollectible" answers in 1 decimal place.)
b. The Allowance for Doubtful Accounts showed
an unadjusted balance on September 30, 2020, of $2,500. Record the
adjusting entry at September 30, 2020, to estimate uncollectible
accounts.