On December 31 of the current year,Jerome Company has an accounts receivable balance of $329,000 before any year-end adjustments.The Allowance for Doubtful Accounts has a $1,100 credit balance.The company prepares the following aging schedule for accounts receivable: What is the Allowance for Uncollectible Accounts at December 31 of the current year after adjustments?

Question

On December 31 of the current year,Jerome Company has an accounts receivable balance of $329,000 before any year-end adjustments.The Allowance for Doubtful Accounts has a $1,100 credit balance.The company prepares the following aging schedule for accounts receivable:  What is the Allowance for Uncollectible Accounts at December 31 of the current year after adjustments?

Quizplus · Accepted Answer

($160,000 × 0.01)+ ($90,000 × 0.02)+ ($51,000 × 0.03)+ ($28,000 × 0.2)= $10,530

On December 31 of the Current Year,Jerome Company Has an Accounts