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18. Taylor Company has given you the following information

Resolved Question:

18. Taylor Company has given you the following information from its aging of accounts receivable. The current amount in the allowance for doubtful accounts is a $958 credit.

Current $24,400 2% uncollectible
31–60 days 7,350 8% uncollectible
61–90 days 3,380 15% uncollectible
91 and up 1,220 30% uncollectible

Using this information, what is the amount of the journal entry to record the allowance for doubtful accounts?

A. $1,949
B. $541
C. $2,457
D. $991
Submitted: 6 years ago.
Category: Homework
Expert:  Neo replied 6 years ago.
Good day!

The answer is A. $1,949

Thank you so much! :)
Neo, Tutor
Category: Homework
Satisfied Customers: 12101
Experience: BS Accounting
Neo and 4 other Homework Specialists are ready to help you
Expert:  Linda_us replied 6 years ago.
THIS ANSWER IS LOCKED!

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