Presented below is an aging schedule for Bosworth Company.
accounting teacher (Not rated)
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P8-3A Presented below is an aging schedule for Bosworth Company.
Customer | Total | Not Yet Due | Number of Days Past Due | |||||||||
1–30 | 31–60 | 61–90 | Over 90 | |||||||||
Aneesh | $ 26,000 | $ 11,000 | $15,000 | |||||||||
Bird | 46,500 | $ 46,500 | ||||||||||
Cope | 64,500 | 7,500 | 8,200 | $48,800 | ||||||||
DeSpears | 40,600 | $40,600 | ||||||||||
Others |
| 131,000 |
| 82,400 |
| 34,700 |
| 13,900 |
|
| ||
|
| $308,600 |
| $136,400 |
| $53,900 |
| $28,900 |
| $48,800 |
| $40,600 |
Estimated percentage uncollectible |
|
| 3% |
| 8% |
| 11% |
| 20% |
| 63% | |
Total estimated bad debts |
| $ 46,921 |
| $ 4,092 |
| $4,312 |
| $3,179 |
| $ 9,760 |
| $25,578 |
At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,200.
10 years ago
Presented below is an aging schedule for Bosworth Company.
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p8-3a_bosworth_company..doc
