{"id":125726,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/analysis-of-the-aged-accounts-receivables"},"modified":"2017-08-16T06:05:59","modified_gmt":"2017-08-16T06:05:59","slug":"analysis-of-the-aged-accounts-receivables","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/analysis-of-the-aged-accounts-receivables\/","title":{"rendered":"Analysis of the aged accounts receivables"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p> When remaining the accounts of Brute Company, it is ascertained that balances relating to both receivables and payables are included in a single controlling account called \u201creceivables control\u201d that has a debit balance of 4,850,000.<\/p>\n<p>An analysis of the make-up of this account revealed the following:<\/p>\n<p> Debit Credit<br \/> Account Receivables-customers 7,800,000 <br \/> Accounts Receivables-officers,current 500,000 <br \/> Debit balances-creditors 300,000 <br \/> Postdated checks from customers 400,000 <br \/> Subscriptions receivable 800,000 <br \/> Accounts payable for merchandise <br \/> 4,500,00<br \/> Credit balances in customers\u2019 accounts <br \/> 200,000<br \/> Cash received in advance from customers for goods not yet shipped <\/p>\n<p> 100,000<br \/> Expected bad debts <br \/> 150,000<br \/> After further analysis of the aged accounts receivables, it is determined that the allowance for doubtful accounts should be 200,000.<\/p>\n<p>Required: Compute the amount that should be reported as \u201ctrade and other receivables\u201d under current assets.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When remaining the accounts of Brute Company, it is ascertained that balances relating to both receivables and payables are included in a single controlling account called \u201creceivables control\u201d that has a debit balance of 4,850,000. An analysis of the make-up <a href=\"https:\/\/www.benedictsol.com\/blogs\/analysis-of-the-aged-accounts-receivables\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-125726","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/125726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=125726"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/125726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=125726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=125726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=125726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}