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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Learning Objectives 2, 3, 4: Apply GAAP for revenue recognition, accounts receivable, and uncollectible receivables) On November 30, Windsor Party Planners had a $43,000 balance in Accounts Receivable and a $3,700 credit balance in Allowance for Uncollectible Accounts. During December, Windsor Party Planners made credit sales of $195,000. December collections on account were $164,000, and write-offs of uncollectible receivables totaled $2,820. Uncollectible-accounts expense is estimated as 1% of credit sales.
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