Scribd Logo
Upload

Welcome to Scribd!

  • Solutiondone 501

    Uploaded by

    trilocksp Singh
    6 views1 page
    Facial Cosmetics provides plastic surgery to hide scars and blemishes. In 2012, they provided $400,000 in services and had $50,000 remaining uncollected at year-end. An aging schedule shows $30,000 was not yet due with a 2% estimated uncollectible amount, $10,000 was 0-30 days past due with 5% estimated to be uncollectible, and $7,000 was 31-60 days past due with 10% estimated to be uncollectible, and $3,000 was over 60 days past due with 20% estimated to be uncollectible.

    Original Description:

    upload

    Original Title

    solutiondone-501

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Facial Cosmetics provides plastic surgery to hide scars and blemishes. In 2012, they provided $400,000 in services and had $50,000 remaining uncollected at year-end. An aging schedule shows $30,000 was not yet due with a 2% estimated uncollectible amount, $10,000 was 0-30 days past due with 5% estimated to be uncollectible, and $7,000 was 31-60 days past due with 10% estimated to be uncollectible, and $3,000 was over 60 days past due with 20% estimated to be uncollectible.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    6 views1 page

    Solutiondone 501

    Uploaded by

    trilocksp Singh
    Facial Cosmetics provides plastic surgery to hide scars and blemishes. In 2012, they provided $400,000 in services and had $50,000 remaining uncollected at year-end. An aging schedule shows $30,000 was not yet due with a 2% estimated uncollectible amount, $10,000 was 0-30 days past due with 5% estimated to be uncollectible, and $7,000 was 31-60 days past due with 10% estimated to be uncollectible, and $3,000 was over 60 days past due with 20% estimated to be uncollectible.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Facial Cosmetics provides plastic surgery primarily to hide

    the appearance
    Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars
    and other blemishes. During 2012, the company provides services of $400,000 on account. Of
    this amount, $50,000 remains uncollected at the end of the year. An aging schedule as of
    December 31, 2012, is provided below.Age Group.................... Amount Receivable.........
    Estimated Percent UncollectibleNot yet due
    ....................................$30,000......................................... 2%0-30 days past due
    .............................10,000.......................................... 5%31-60 days past due
    ............................7,000.......................................... 10%More than 60 days past due
    ....................3,000 ..........................................20%Total
    ............................................$50,000Required:1. Calculate the allowance for uncollectible
    accounts.2. Record the December 31, 2012, adjustment, assuming the balance of Allowance for
    Uncollectible Accounts before adjustment is $300 ( debit ).3. On April 3, 2013, a customer's
    account balance of $400 is written off as uncollectible. Record the write-off.4. On July 17, 2013,
    the customer whose account was written off in Requirement 3 unexpectedly pays $100 of the
    amount but does not expect to pay any additional amounts. Record the cash collection.View
    Solution: Facial Cosmetics provides plastic surgery primarily to hide the appearance
    SOLUTION-- http://solutiondone.online/downloads/facial-cosmetics-provides-plastic-surgery-
    primarily-to-hide-the-appearance/

    Unlock answers here solutiondone.online

    You might also like