Professional Documents
Culture Documents
What SUP Ch 7-03 Current Past Due Past Due Past Due Past Due
Allowance for Uncollectible Accounts 700,000 120,000 80,000 30,000 10,000
5.00% 8.00% 20.00% 25.00% 50.00%
Facts:
Accounts receivable balance (beg) 960,000
Sales on account 10,185,000
Collections on account (10,120,000)
Write-offs of accounts receivable (85,000)
Accounts receivable balance (end) 940,000
Aging Method
Allowance for Uncollectible accounts (beg) 75,000
Write-offs of accounts receivable (85,000)
Uncollectible accounts expense 83,100
Allowance for Uncollectible accounts (end) 73,100