subject
Business, 06.11.2019 20:31 theonefreshmen

Vcalculate zuo software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. accounts not yet due $400,000; estimated uncollectible 8 %. 2. accounts 1-30 days past due $50,000; estimated uncollectible 15 %. 3. accounts 31-90 days past due $40,000; estimated uncollectible 30% 4 accounts more than 90 days past due $30,000; estimated uncollectible 50% . e 7-14 uncollectible accounts using the aging method; record adjustments at 12/31/2021, before recording any adjustments, zuo has a credit balance of $22,000 in its allowance for uncollectible accounts. lo7-5, lo7-6 required: 1. estimate the appropriate 12/31/2021 balance for zuo's allowance for uncollectible accounts 2. what journal entry should zuo record to adjust its allowance for uncollectible accounts? 3. calculate zuo's 12/31/2021 net accounts receivable balance.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:10
Arival company manufactures fuel tanks for cars using a different production technique. the total weekly cost (in dollars) of producing x tanks is given by c(x) = 10000 +90x - 0.04x2 find the marginal cost at a production level of 500 fuel tanks per week to approximate the cost of the 501st unit (round to the nearest 2 decimal places, if needed)
Answers: 3
question
Business, 22.06.2019 04:30
Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?
Answers: 3
question
Business, 22.06.2019 17:40
Take it all away has a cost of equity of 11.11 percent, a pretax cost of debt of 5.36 percent, and a tax rate of 40 percent. the company's capital structure consists of 67 percent debt on a book value basis, but debt is 33 percent of the company's value on a market value basis. what is the company's wacc
Answers: 2
question
Business, 22.06.2019 19:50
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
Answers: 1
You know the right answer?
Vcalculate zuo software categorizes its accounts receivable into four age groups for purposes of est...
Questions
question
Geography, 17.05.2021 21:20
question
Mathematics, 17.05.2021 21:20
question
Mathematics, 17.05.2021 21:20