DIRECTION: Prepare an aging of receivable Sigma Company began operations on January 1, 2013. On December 31,2013, the entity provided for uncollectible accounts based on 1% of annual credit sales.

DIRECTION: Prepare an aging of receivable Sigma Company began operations on January 1, 2013. On December 31,2013, the entity provided for uncollectible accounts based on 1% of annual credit sales. On January 1,2014, the entity changed the method of determining the allowance for uncollectible accounts by applying certain percentages to the accounts receivable aging as follows: Days past invoice date 0- 30 31 – 90 91 – 180 Over 180 Percent uncollectible 1 5 20 80 In addition, the entity wrote off all accounts receivable that were over 1 year old. The following additional information related to the years ended December 31,2014 and 2013: 2014                 2013 Credit sales          3,000,000        2,800,000 Collections,          2,915,000        2,400,000 including recovery Accounts                  27,000              none written off Recovery of accounts previously written off                              7,000                 none Days past invoice date at December 31 0- 30                           300,000        250,000 31 – 90                        80,000           90,000 91 – 180                      60,000           45,000 Over 180                     25,000           15,000 is the amount of uncollectible accounts expense for 2014?

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