A B C D E F G

1 Alice Song
2 AGING
3 Aging Accounts Receivable
4
5 Date: October 31, 2012
6
7 Analysis of Accounts Receivable by Age
8 Not 1-30 31-60 61-90 Over 90
9 Yet Days Days Days Days
10 Customer Total Due Past Due Past Due Past Due Past Due
11 Attitudes For Hair $ 4,600 $ 2,600 $ 700 $ 1,300
12 Beauty Box $ 7,500 $ 5,600 $ 1,900
13 Hair Affair $ 10,000 $ 3,000 $ 3,000 $ 2,000 $ 2,000
14 Headliners Salon $ 3,800 $ 3,800
15 Ooh La La Hair $ 800 $ 800
16 Shear Paradise $ 3,500 $ 1,000 $ 640 $ 1,400 $ 460
17 Totals $30,200 $15,000 $6,600 $2,640 $3,400 $2,560
18
19 Estimate of Probable
20 Uncollectible Accounts Expense
21 Total Percent Total
22 Amount Uncoll. Uncoll.
23 Not yet due $15,000 1% $150
24 1-30 days past due $ 6,600 3% $ 198
25 31-60 days past due $ 2,640 5% $ 132
26 61-90 days past due $ 3,400 10% $ 340
27 Over 90 days past due $ 2,560 25% $ 640
28 Totals $30,200 $1,460
29 4.83%
Alice Song

a. The Allowance for Doubtful Accounts before adjustment has a credit balance of $500

Uncollectible Accounts Expense 960

Allowance for Doubtful Accounts 960

b. The Allowance for Doubtful Accounts before adjustment has a debit balance of $250

Uncollectible Accounts Expense 1710

Allowance for Doubtful Accounts 1710

c. Assume that October's credit sales were $70,000. Uncollectible accounts expense is estimated at 2% of sales.

Uncollectible Accounts Expense 1400

Allowance for Doubtful Accounts 1400
estimated at 2% of sales.
$40,000

$35,000

$30,000

$25,000

$20,000

$15,000

$10,000

$5,000

$0
Not 1-30 31-60 61-90 Over 90
 A B C D E F G H I J
1 Alice Song
2 AGING
3 Aging Accounts Receivable
4
5 Date: 11/30/2012
6
7 Analysis of Accounts Receivable by Age
8 Not 1-30 31-60 61-90 Over 90
9 Yet Days Days Days Days
10 Customer Total Due Past Due Past Due Past Due Past Due
11 Attitudes For Hair $5,700 $3,400 $1,600 $700
12 Hair Affair $10,000 $ 3,000 $ 3,000 $ 2,000 $ 2,000
13 Hello Gorgeous $5,000 $ 5,000
14 Ooh La La Hair $800 $ 800
15 Tangles Salon $17,800 $ 17,800
16 Shear Paradise $6,040 $ 3,000 $ 1,000 $ 640 $ 1,400
17 Totals $45,340 $29,200 $4,600 $4,700 $2,640 $4,200
18
19 Estimate of Probable
20 Uncollectible Accounts Expense
21 Total Percent Total
22 Amount Uncoll. Uncoll.
23 Not yet due $29,200 1% $292
24 1-30 days past due $ 4,600 3% $ 138
25 31-60 days past due $ 4,700 5% $ 235
26 61-90 days past due $ 2,640 10% $ 264
27 Over 90 days past due $ 4,200 25% $ 1,050
28 Totals $45,340 $1,979
29 4.36%
30 increase
31 decrease
32
33 The estimated total uncollectible accounts increased, because the total amount of expenses has also increased.
 A B C D E F G
1 Alice Song
2 AGING
3 Aging Accounts Receivable
4
5 Date: 11/30/2012
6
7 Analysis of Accounts Receivable by Age
8 Not 1-30 31-60 61-90 Over 90
9 Yet Days Days Days Days
10 Customer Total Due Past Due Past Due Past Due Past Due
11 Attitudes For Hair $5,700 $3,400 $1,600 $700
12 Hair Affair $ 10,000 $ 3,000 $ 3,000 $ 2,000 $ 2,000
13 Hello Gorgeous $ 5,000 $ 5,000
14 Ooh La La Hair $ 800 $ 800
15 Tangles Salon $ 17,800 $ 17,800
16 Shear Paradise $ 6,040 $ 3,000 $ 1,000 $ 640 $ 1,400
17 Double Take Hair $ 2,600 $ 2,600
18 Totals $47,940 $31,800 $4,600 $3,700 $2,000 $2,800
19
20 Estimate of Probable
21 Uncollectible Accounts Expense
22 Total Percent Total
23 Amount Uncoll. Uncoll.
24 Not yet due $31,800 1% $318
25 1-30 days past due $ 4,600 3% $ 138
26 31-60 days past due $ 3,700 5% $ 185
27 61-90 days past due $ 2,000 10% $ 200
28 Over 90 days past due $ 2,800 25% $ 700
29 Totals $44,900 $1,541
30 3.43%
31 increase
32 decrease
33
34 1400
35 2000