Trophy Fish Company supplies flies and fishing gear to sporting goods stores and

Question

Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2015:

For this one I couldn't figure out what to do to get the totals(that are blank) and the estimate of uncollectible accounts.

need help with this as well.

Instructions Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2015 Not Past Due 20,000.00 Days Past Due Days Past Due Days Past Due Days Past Due ys Past Due Customer Balance 1-30 31-60 61-90 91-120 Over 120 AAA Outfitters 20,000.00 Brown Trout Fly Shop 7,500.00 7,500.00 8 Zigs Fish Adventures 4000.00 4000.00 Subtotals 300,000.00 750,000.00 90,00000 120,00000 40,000.00 20,000.00 80,000.00

Explanation / Answer

Answer:2

Answer:3 121000

Answer:4 Bad Debt Expense 124600

                   To Allowance for Doubtful Accounts 124600

Aging Of Receivable Schedule December 31,2015 Days past due Days past due Days past due Days past due Days past due Customer Balance Not past due 30-Jan 31-60 61-90 91-120 over 120 AAA Outfitters 20000 20000 Brown 7500 7500 Zigs Fish adventures 4000 4000 Subtotals 1300000 750000 290000 120000 40000 20000 80000 Adams Sports 5000 5000 Blue dun 4900 4900 Cicada 8400 8400 Deschutes 7000 7000 Green River 3500 3500 Smith River 2400 2400 Western 6800 6800 Wolfe sports 4400 4400 Totals 1342400 754400 296800 125900 51900 28400 85000 % uncollectiable 1% 2% 10% 30% 40% 80% Estimate of uncollectible accounts 121000 7544 5936 12590 15570 11360 68000

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