Aging Method for estimating Uncollectible Accounts

This video explains how to estimate bad debt expense using the aging of accounts receivable method. An example is provided to illustrate how an aging schedule can be used to estimate uncollectible accounts and bad debt expense.
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[@RangerXXT]

this might be an old but I'm doing my accounting classes all online due to covid and your videos have helped me so much, thanks a ton

[@alexargueta2451]

i was literally fuming at the fact i was unable to understand this concept. I came across a problem in my textbook regarding the aging method, and i was unable to figure it out and was losing my mind, so thank you much appreciated!

[@wallacegibson1142]

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[@Juliekopp1]

THANK YOU!!! my textbook was so unclear about how to do this!

[@gamingvids6651]

Kopp Kids sammme

[@a.c.n.9421]

Kopp Kids mine too!!!!

[@MichaelOnRockyTop]

Michael I can't thank you enough for making these videos.

[@gaming.ps559]

Thank you so much, I'm in college right now and I was struggling with this. Now I get it thank you!

[@Edspira]

Excellent!

[@bettethehuman]

Thank you so much! You explained in under 8 minutes better than my professor did in an hour and a half lecture.

[@Dggb2345]

Gotta love the internet. No tenure for dead wood.

[@a.c.n.9421]

You’re TREMENDOUSLY HELPFUL!!!!

[@Cris-hk4cn]

This was a very helpful video. Better than others I have come across.

[@Edspira]

Glad to hear it!

[@a.jstation3927]

Was stuck in the last part just made me clear. Thank you

[@FreemanEdeh]

Thank you so much. I have a better understanding of the aging method and also your first video on sales and account receivables.

[@missfortune1123]

I cant understand my teacher's explanation, but this is very helpful Thank you so much.

[@sarahallegri5001]

This was so helpful god bless your soul

[@MyFinancialFocus]

It’s all about the cash flow 💵

[@shahmusakhil6491]

thank you. textbook was terrible to understand this.

[@muhammad_oui]

thank you so much

[@rachelrisley8716]

This was so helpful, thank you!

[@Edspira]

You are very welcome!

[@davenorton4768]

There was a problem on the book on this method it was not clear thanks to you

[@tinah05120917]

Thank you so much! Such a big fan!

[@arthemis_creations]

Thank you so much ❤❤

[@joedenisi3697]

thank you so much this made me understand so much better

[@Talktomevert]

Absolutely thank you!

[@GetawayCarYT]

are the percent of estimated uncollectibles given in the problem or do we have to compute for them? Im having a hard time doing my homework since there were no percent of estimated uncollectibles given

[@jelenag6112]

I appreciate these so much, the book was unhelpful ;_;

[@aliannadevera14]

Thank you! 😊

[@naielah93]

Thank you

[@joejoerunya8908]

thank goodness for KZbin lol...man this was killing me

[@rheycabillan3015]

THANK YOU SO MUCH FOR THIS

[@hassanbazzi3545]

Perfect. Thank you

[@preciousgirasol9654]

SO HELPFUL

[@dylanblair4910]

I dont understand why you would have a debit in ADA if it is a contra asset. That would be like haveing a negative depreciation.

[@ConkShow]

this helped a ton! tyvm

[@Edspira]

Glad to help!

[@syedali-portfolio7457]

Hi prof. But in real life scenario. How would we know what was already in T account ? I mean how do we assume any number anyways in T account ? Please clarify.. TIA. :)

[@karandeepsingh1963]

i love you. thank you so much.

[@Edspira]

No problem my friend!

[@pieissogood11]

my teachers notes where incorrect thank you for making this

[@caaspyXbox]

THANK YOU

[@Edspira]

No problem!

[@gabbymiller4510]

How are you determining the percentage of what is uncollectable?

[@anarchohouston9979]

Each company has their own estimates of what is uncollectable.

[@jattsaab6687]

Thnks 👍

[@precisioncpa1891]

What if AR balance decreased, shall I make no adjustment on allowance or debit allowance?

[@optimusprime6436]

I'm still stuck at how will I know if the ada is either in the debit or credit column of the T account?

[@Fatima-ky7dq]

Did you know yet?

[@icon818]

thank you sir

[@krishangomes989]

what would happen if ADA starts at a greater number than the final number. What would the transaction be?

[@youarehere1251]

T Accounts always come through, got to back to the basic.

[@StillmanSpinningSteel]

How do you get the percent amounts?!

[@arjunarun9174]

How can ADA have a debit balance?

[@FooserX]

How do you come up with the uncollectible rate? I can't find this anywhere. lol

[@fairfieldify]

It's given in a problem/scenario.

[@DaniElle-ex7et]

@@fairfieldifyit’s not stated in the problem 😢

[@JoseOrtega-rz1gr]

wait.. where the hell did you get 75,000 at 1:56?! that was never stated.. this is why i struggle

[@swnidh]

He’s making up numbers for an example try not to think too hard on where the numbers in examples come from just use what you have !

[@alanacollins7641]

This was so helpful. Thank you so much!

[@Edspira]

You're so welcome!

[@jdfromthed]

Thank YOU!