1.Discuss the valuation of accounts receivable
2.Calculate estimated uncollectible accounts under the two allowance methods: the percentage of sales and
percentage of receivables methodse
3.Journalize the issuance and receipt transactions related to notes receivable
4.Calculate interest on notes payable using the principle x rate x time formula
Problem 1: Calculating and journalizing uncollectible accounts using the percentage of credit sales method.
Problem 2: Calculating and journalizing uncollectible accounts using the percentage of accounts receivable
method and an A/R aging schedule.
Problem 3: Determining maturity date, maturity value and interest on notes. Record the issuance of notes, and
receipt (honoring) of notes at maturity.
The post Estimating uncollected accounts and recording notes appeared first on nursing writers.