Accounting ONLY please!

2

>Pr. 9-2A

.

0, 2009

May

, 2009 May 30, 2009

Sept. 15, 2009 Sept. 15, 2009 days

Oct. 17, 2009 Oct. 17, 2009 days

Oct. 20, 2009 Oct. 20, 2009 days

Nov. 18, 2009 Nov. 18, 2009 days

Nov. 29, 2009 Nov. 29, 2009 days

Dec. 1, 2009 Dec. 1, 2009 days

Jan. 9, 2010 Jan. 9, 2010 days

, 2009

Days Past Due
Customer

Due

120

20,000

11,000 11,000

2,900

0

Sun Coast Beauty

Paradise Beauty Store

Helix Hair Products

Hairy’s Hair Care

Surf Images

Oh The Hair

Mountain Coatings

Lasting Images

Problem 9-2A

Name:

Section:

Enter the appropriate amount or item in the shaded cells.

An asterisk (*) will appear next to an incorrect amount in the outlined cells.

1

Customer

Due

Date

Number of Save Time On Research and Writing Hire a Pro to Write You a 100% Plagiarism-Free Paper. Get My Paper

Days Past Due

Sun Coast Beauty

May

3

30

days

Paradise Beauty Store

Sept. 15, 2009

Helix Hair Products

Oct. 17, 2009

Hairy’s Hair Care

Oct. 20, 2009

Surf Images

Nov. 18, 2009

Oh The Hair

Nov. 29, 2009

Mountain Coatings

Dec. 1, 2009

Lasting Images

Jan. 9, 2010

2. and 3.

Aging of Receivables Schedule

December

31

Not Past

Over

Balance

1 – 30

31 – 60

61 – 90

91 –

120

Alpha Beauty

20,000

Blonde Wigs

11,000

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Zahn’s Beauty

2,900

Subtotals

900,000

498,600

217,

25

98,750

33,300

29,950

22,150

2,850

6,050

800

2,000

700

3,500

2,250

7,400

Totals

925,550

Percentage Uncollectible

cpence: Enter percentage as a whole number (e.g., 1% is entered as “1”).

Estimate of Doubtful

Accounts

Peggy Hussey: Enter the sum of the amounts in this row.

4.

Accounts Receivable

Allowance for Doubtful Accounts

Bad Debt Expense

Pr. 9-5A

Name:

Section:

Date

3

25
May 2
31
30

Craig Pence: Enter the larger of the two credits on this line.

1

31

Craig Pence: Enter the larger of the two credits on this line.

Craig Pence: Enter the larger of the two credits on this line.
Craig Pence: Enter the larger of the two credits on this line.

Accounts Receivable

Problem 9-5A
Enter the appropriate amount or account in the shaded cells.
An asterisk (*) will appear next to an incorrect item or amount in the outlined cells.
JOURNAL
Description	Debit	Credit
Mar.
16
June	23
				Craig Pence: Enter the larger of the two credits on this line.
July	Craig Pence: Record the larger of the two debits on this line.
Aug.	14
Notes Receivable
Cash
Interest Revenue

Instructions

1. Determine the number of days past due for each of the preceding accounts.

2. Complete the aging of receivables schedule.

3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule.

4. Assume that the allowance for doubtful accounts for Wigs Plus has a credit balance

of $1,710 before adjustment on December 31, 2009. Journalize the adjustment for uncollectible

accounts.

Instructions: Journalize the entries to record the transactions.