Cindy Banal, the manager of Cayce Printing Service, has provided the following aging schedule for...
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Accounting
Cindy Banal, the manager of Cayce Printing Service, has provided the following aging schedule for Cayce's accounts receivable: Accounts {:[" Receivable Category "],[" 0-20 days "]:} {:[" Amount "],[" Proportion Expected "],[" to Default "]:} 21-40 days $86,550 0.01 41-60 days 19,400 0.06 Over 60 days 10,250 0.12 4,900 0.25 $121,100 Cindy indicates that the $121,100 of accounts receivable identified in the table does not include $4,600 of receivables that should be Required: Journalize the $4,600 write-off. If an amount box does not require an entry, leave it blank. (Record write-off of defaulted account) Determine the desired postadjustment balance in allowance for doubtful accounts. Round each aging category to the neares If the balance in allowance for do
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