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(Solution) - Using data in Exercise 9 9 assume that the allowance for

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Using data in Exercise 9-9, assume that the allowance for doubtful accounts for Waddell Industries has a credit balance of $6,350 before adjustment on August 31. Journalize the adjusting entry for uncollectible accounts as of August 31.
In Exercise 9-9
Age Class _____________Percent Uncollectible
Not past due ................................... 3%
1-30 days past due ............................. 4
31-60 days past due .......................... 15
61-90 days past due .......................... 35
Over 90 days past due ........................ 80

 







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