[Solved] A Summary of London Fashion's December 31,2016,accounts Receivable Aging Schedule
A summary of London Fashion's December 31,2016,accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:
The allowance for uncollectible accounts had a balance of $1,600 at January 1,2016.During the year bad debts of $1,150 were written off.
Prepare all 2016 journal entries with respect to bad debts and the allowance for uncollectible accounts.
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