An aging analysis of Page Limited's accounts receivable at December 31, 2021 and 2020, showed...
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An aging analysis of Page Limited's accounts receivable at December 31, 2021 and 2020, showed the following: Additional information: 1. At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $8,500. 2. In 2021,$41,800 of accounts were written off as uncollectible and $2,700 of accounts previously written off were recovered. (a1) Your answer is correct. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2020 and 2021. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec. 31, 2020: Total estimated allowance balance at Dec. 31, 2021: eTextbook and Media List of Accounts Attempts: 1 of 3 (b) Your answer is partially correct. Record the adjusting entry relating to bad debts on December 31, 2020. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accou titles and enter 0 for the amounts.)
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An aging analysis of Page Limited's accounts receivable at December 31, 2021 and 2020, showed the following: Additional information: 1. At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $8,500. 2. In 2021,$41,800 of accounts were written off as uncollectible and $2,700 of accounts previously written off were recovered. (a1) Your answer is correct. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2020 and 2021. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec. 31, 2020: Total estimated allowance balance at Dec. 31, 2021: eTextbook and Media List of Accounts Attempts: 1 of 3 (b) Your answer is partially correct. Record the adjusting entry relating to bad debts on December 31, 2020. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accou titles and enter 0 for the amounts.) 