The Southbreeze Hotel uses the aging of accounts receivable method of estimating E debts. As of December 31, 20X3, the summarized aging schedule and expected l. percentages are as follows: Aging of Accounts Receivable Current 0-30 31-60 61-90 Over 90 $750 30% Amount $18,000 $2,200 $1,800 $1,000 Loss % expected 1% 2% 4% 10% Required:

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Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 31 to 60 $ 56,000 7% Accounts receivable Percent uncollectible Total 0 $ 670,000 $ 416,000 Req A Req B and C 3% Complete this question by entering your answers in the tabs below. 1 to 30 $ 110,000 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $14,000 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3,000 debit. Estimated balance of allowance for uncollectibles 4%

Question Content Area Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class PercentUncollectible Not past due 1%      1-30 days past due 5         31-60 days past due 25         61-90 days past due 35         Over 90 days past due 50         Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff IndustriesAging of Receivables Scheduleblank Customer Balance Not PastDue 1-30 DaysPast Due 31-60 DaysPast Due 61-90 DaysPast Due Over 90 DaysPast Due Subtotals 840,000 495,600 184,800 75,600 42,000 42,000 Conover Industries 18,100         18,100 Keystone Company 18,200       18,200   Moxie Creek Inc. 6,600     6,600     Rainbow Company 10,000   10,000       Swanson Company 23,100 23,100         Total receivables 916,000 518,700 194,800 82,200 60,200 60,100 Percentage uncollectible   1% 5% 25% 35% 50% Allowance for Doubtful…

Subject: a

Required a + b and all individual parts

Subject: accounting

Estimating Doubtful Accounts Easy Rider International is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 20Y3, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Interval   Balance   PercentUncollectible Not past due     $342,200       1 % 1–30 days past due     127,600       5   31–60 days past due     52,200       25   61–90 days past due     29,000       35   91–180 days past due     29,000       50   Over 180 days past due     19,200       70         $599,200           Estimate what the balance of the allowance for doubtful accounts should be as of December 31, 20Y3. Enter your answers as positive amounts. Age Interval EstimatedUncollectibleAmount Not past due $ 1-30 days past due   31-60 days past due   61-90 days past due   91-180 days past due   Over 180 days past due   Total $