PT Stone have a several list of customer with outstandin receivables in the year of 2018. Please see below the receivables detail at the end of the year 2018: Customer Days of Outstanding Outstanding Amount PT Twins 40 days IDR 24,000,000 Anchor Corp 31 days IDR 51,000,000 PT Bell  60 days IDR 89,000,000 PT Scott 180 days IDR 160,000,000 PT Stone company policy for allowance of uncollectible receivable allocation are as follow: 0-30 days, 10% 31-50 days , 20% 51 – 100 days, 40% > 100 days 90% Additional Information The balance of Allowance for Doutbul Account at the begininng of the year 2018 is IDR 6,300,000 in the debit Instruction a. Prepare the journal for allowance of uncollectiobel account for the year 2018 (Supported with the calculation) b. At the Feb 28 2019, PT Scott declare their inabillity to fulfill their obligation for theie payables. Prepare the journal for wirte off of the PT scott receivable! c. At the june 30 2019, PT Scott declare that they have succeed with the liqudation process and able to paytheir to obligation to PT Stone with amount of IDR 40,000,000. Prepate the journal for the recovery and receipt of the PT Scott payment

PT Stone have a several list of customer with outstandin receivables in the year of 2018. Please see below the receivables detail at the end of the year 2018:

Customer Days of Outstanding Outstanding Amount
PT Twins 40 days IDR 24,000,000
Anchor Corp 31 days IDR 51,000,000
PT Bell  60 days IDR 89,000,000
PT Scott 180 days IDR 160,000,000

PT Stone company policy for allowance of uncollectible receivable allocation are as follow:

0-30 days, 10%

31-50 days , 20%

51 – 100 days, 40%

> 100 days 90%

Additional Information

The balance of Allowance for Doutbul Account at the begininng of the year 2018 is IDR 6,300,000 in the debit

Instruction

a. Prepare the journal for allowance of uncollectiobel account for the year 2018 (Supported with the calculation)

b. At the Feb 28 2019, PT Scott declare their inabillity to fulfill their obligation for theie payables. Prepare the journal for wirte off of the PT scott receivable!

c. At the june 30 2019, PT Scott declare that they have succeed with the liqudation process and able to paytheir to obligation to PT Stone with amount of IDR 40,000,000. Prepate the journal for the recovery and receipt of the PT Scott payment

Tired of numerous paper assignments?
Rely on us and receive professional paper writing assistance!
Professional paper Writing Assistance

Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

Is it hard to Place an Order?

  1. Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
  2. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
  3. Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
  4. Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.