This question was created from FINAL EXAM.xlsx

Alpha Compan’glr began its first vear of operations on January.r 1, 201?. The gen-
accounting for uncollectable accounts. You have been tasked to prepare an an Total Credit Sales $300,000 Total Cash Sales $15 0,000
Credit Sales Discounts $15,000 Credit Sales Returns $155,000
Cash Sales Returns $5,000 The general manager stated an expectation that of credit sales, 1.2%. may resu 201? unadjusted Trial Balance amount of Accounts Receivable, along with esti
consists of: “—— If the percent of Accounts Receivable method were to be used, the general m Cine of Alpha’s clients declared bankruptcy in September and the bookkeeper
Uncollectible Accounts and a credit to the Accounts Receivable for the amoun Based on the information provided. calculate the fol lowing values to be prese 1. Allowance for Uncollectible Accounts, Aging Method 2. Bad Debt Expense, Aging Method
3. Allowance for Uncollectible Accounts, Percent of Net Credit Sales Method 4. Bad Debt Expense, Percent of Net Credit Sales Method