document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=225496>Question 225496</A>: <I><SPAN STYLE=\"word-break: break-all;\">  E8-5 Hachey Company has accounts receivable of $95,100 at March 31, 2007. An analysis of the accounts shows these amounts.\r<BR>\n" );
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document.write( "          Balance, March 31<BR>\n" );
document.write( "Month of Sale	         2007	2006\r<BR>\n" );
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document.write( "March	                $65,000	$75,000<BR>\n" );
document.write( "February	       $ 12,600	$8,000<BR>\n" );
document.write( "December and January	$10,100	$2,400<BR>\n" );
document.write( "November and October	$7,400	$1,100<BR>\n" );
document.write( "	               $95, 100	$86,500<BR>\n" );
document.write( "Credit terms are 2/10, n/30. At March 31, 2007, there is a $2,200 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage of receivables basis for estimating uncollectible accounts. <BR>\n" );
document.write( "Age of Accounts	Estimated Percentage Uncollectible\r<BR>\n" );
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document.write( "Current	                2%<BR>\n" );
document.write( "1–30 days past due	7<BR>\n" );
document.write( "31–90 days past due	30<BR>\n" );
document.write( "Over 90 days	        50\r<BR>\n" );
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document.write( "(a)	Determine the total estimated uncollectibles.<BR>\n" );
document.write( "(b) Prepare the adjusting entry at March 31, 2007, to record bad debts expense.<BR>\n" );
document.write( "(c) Discuss the implications of the changes in the aging schedule from 2006 to 2007. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #168234 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=168234\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Garamond\" size=\"+2\">\r<BR>\n" );
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document.write( "Post this question on an accounting homework website -- not here.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi} + 1 = 0\"><BR>\n" );
document.write( "</font> </SPAN>\n" );
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