E6-10 Godfreid Company has accounts receivable of $95,400 at March 3 31, 2017, there is a $2,100 balance in Allowance for Doubtful Account ment. The company uses the percentage-of-receivables basis for estima accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Age of Accounts 2017 1o di- $65,000 $75,000 2016 Uncoll Current 1-30 days past due o li12,900 i 8,000 siqxa 10,100 OSI 7,400 OTE 2,400nsl 31-90 days past due Over 90 days past due 1,100 $95,400 00S $86,500 U 3.

E6-10 Godfreid Company has accounts receivable of $95,400 at March 3 31, 2017, there is a $2,100 balance in Allowance for Doubtful Account ment. The company uses the percentage-of-receivables basis for estima accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Age of Accounts 2017 1o di- $65,000 $75,000 2016 Uncoll Current 1-30 days past due o li12,900 i 8,000 siqxa 10,100 OSI 7,400 OTE 2,400nsl 31-90 days past due Over 90 days past due 1,100 $95,400 00S $86,500 U 3.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 24CE: Inventory Costing: Average Cost Refer to the information for Filimonov Inc. and assume that the...

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Similar questions

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