Tyler Service Co. experienced the following transactions for 2014, its first year of operations: 1. Provided $86,000 of services on account. 2. Collected $72,000 cash from accounts receivable. 3. Paid $39,000 of salaries expense for the year. 4. Tyler adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Amount % to Be Uncollectible Allowance Balance
Current $7,500 .01
0-30 2,000 .05
31-60 1,500 .10
61-90 1,000 .30
Over 90 days 2,000 .50

Organize the information in accounts under an accounting equation

Assets   =  Liaiblities + Equity

     Cash        A/R   Allowancwe = Revenues - Salaries - bad debt

1                  86000                   86,000

2        72,000 (72,000)                    

3       (39,000)                                      (39,000)

4               (1,625)                                              (1,625)

Totals 33,000 + 14,000 - 1,625  =    86,000 - 39,000 - 1,625

                       45,375.00                      45,375.00

Explanation:

We multiply the outstanding account receivable by their probability accordign to the aging stimations.

7,500 x 0.01   =     75

2,000 x 0.05 =    100

1,500 x 0.10   =    150

1,000 x 0.30 =    300

2,000 x 0.50 = 1,000  

Total                  1,625

This amount decreases the net amount of recievables and recognize a bad debt expense for that amount as well.

Then, we add up the assets (cash and net receivables)

and make sure it matches our equity accounts (revenues less expenses)

answer; /// blank(1); above; blank(2); less;

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.