Please answer the following The following unadjusted balances of Echo Company are presented at September 30, 2023:   Dr. Cr. Accounts receivable $100 000   Sales returns and allowances 40 000   Allowance for doubtful accounts   $    2 500 Credit Sales   750 000

Splish Company has accounts receivable of $113,300 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,500 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Age of Accounts   Balance, March 31   Estimated PercentageUncollectible     2020   2019     Current   $76,100   $75,000   2% 1–30 days past due   19,800   8,000   6% 31–90 days past due   9,600   2,400   25% Over 90 days past due   7,800   1,100   51%     $113,300   $86,500     (a)   Your answer has been saved. See score details after the due date. Determine the total estimated uncollectibles. Total estimated uncollectibles   $enter the total estimated uncollectibles   eTextbook and Media List of Accounts         Attempts: 1 of 1 used       (b)…

Present the journal entry necessary to record each of the following items; assuming King Company uses the Allowance method of accounting for Uncollectible Accounts (Bad Debts). 1. Uncollectible Accounts Expense for the year is estimated to be 6% of Net Sales. Net Sales for the year are $100,000 and the Allowance account has a $600 credit balance 2. A $20,000 note is received from a customer on account. 3. The $800 balance in an individual customer's account is written off as uncollectible. 4. The company received $200 from a customer whose account had been previously written off as uncollectible. 5

Munabhai

Instructions General Journal 1. Prepare the journal entry necessary to record Shelton's estimate of bad debt expense on December 31. The following information is extracted from Shelton Corporation's accounting records at the beginning of 2019: Chart of Accounts Accounts Receivable $71,000 General Journal Instructions CHART OF ACCOUNTS Allowance for Doubtful Accounts 1,200 (credit) Shelton Corporation PAGE 1 During 2019, sales on credit amounted to $568,000, $553,600 was collected on outstanding receivables and $2,600 of receivables were written General Ledger off as uncollectible. On December 31, 2019, Shelton estimates its bad debts to be 4% of the outstanding gross accounts receivable balance. GENERAL JOURNAL ASSETS REVENUE DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT Required: 111 Cash 411 Sales Revenue 1. 1. Prepare the journal entry necessary to record Shelton's estimate of bad debt expense for 2019. 121 Accounts Receivable 2 2. Prepare the Accounts Receivable section of Shelton's…

Blossom Company has accounts receivable of $92,000 at March 31, 2025. Credit terms are 2/10, n/30. At March 31, 2025, there is a $2,200 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Estimated Percentage Age of Accounts 2025 2024 Uncollectible Current $61,600 $78,910 2 % 1-30 days past due 14,100 7,420 5 31-90 days past due 9,500 2,280 31 Over 90 days past due 6,800 1,200 52 $92,000 $89,810 Determine the total estimated uncollectibles at March 31, 2025. Total estimated uncollectibles Touth

Pharoah Company has accounts receivable of $89,200 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,151 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company’s estimates of bad debts are as shown below.     Balance, March 31   Estimated PercentageUncollectible   Age of Accounts   2022   2021   Current   $60,400   $80,160   2 % 1–30 days past due   12,000   8,610   5   31–90 days past due   10,200   2,400   31   Over 90 days past due   6,600   1,070   48       $89,200   $92,240       (a)     Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles   $Enter a dollar amount

Dog

Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $3,000?

plish Company has accounts receivable of $113,300 at March 31, 2020. Credit terms are 2/10, n/30. At March 31, 2020, there is a $1,500 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimate of bad debts is shown below. Age of Accounts   Balance, March 31   Estimated PercentageUncollectible     2020   2019     Current   $76,100   $75,000   2% 1–30 days past due   19,800   8,000   6% 31–90 days past due   9,600   2,400   25% Over 90 days past due   7,800   1,100   51%     $113,300   $86,500     (a)     Determine the total estimated uncollectibles. Total estimated uncollectibles   $enter the total estimated uncollectibles