Compute the total estimated bad debts expense based


Question Description:

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The Jones Company uses the allowance method to estimate its uncollectible accounts receivable. The company prepared the following table for its aging of the accounts receivable as of December 31, 2005. Click ——> HERE Compute the total estimated bad debts expense based on the aging of accounts receivable table. Prepare a year-end adjusting journal entry to record the bad debts expense based upon your computations. Assume the unadjusted balance in the allowance for doubtful accounts is $3,500 debit. Prepare a year-end adjusting journal entry to record the bad debts expense based on your computations. Assume the unadjusted balance in the allowance for doubtful accounts is $2,400 credit. Prepare bank reconciliations and aged accounts receivables. 1-2 page Word document. THIS ASSIGNMENT IS DUE 12AM MIDNIGHT TONIGHT, SO I NEED THIS AS SOON AS POSSIBLE PLEASE.. THANK YOU!!!

Answer

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