Pool Corporation (ticker: POOL) is the biggest swimming pool supplies distributor in U.S. Please go to its latest 10 - K filings and answer the following questions. What is POOL's % o uncollectible accounts to gross accounts receivable for 2021, 2022, and 2023? What is your opinion on POOL's policy on allowance for uncollectible (doubtful) accounts? Do they have enough in the allowance account? What is POOL's average collection period to collect receivables from customers in 2023 ?

Pool Corporation (ticker: POOL) is the biggest swimming pool supplies distributor in U.S. Please go to its latest 10 - K filings and answer the following questions. What is POOL's % o uncollectible accounts to gross accounts receivable for 2021, 2022, and 2023? What is your opinion on POOL's policy on allowance for uncollectible (doubtful) accounts? Do they have enough in the allowance account? What is POOL's average collection period to collect receivables from customers in 2023 ?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 9EA: Using the following select financial statement information from Black Water Industries, compute the...

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Grandview, Incorporated uses the allowance method. At December 31, 2021, the company's balance sheet reports Accounts Receivable, Net in the amount of $17,000. On January 2, 2022, Grandview writes off a $1,500 customer account balance when it becomes clear that the customer will never pay. What is the amount of Accounts Receivable, Net after the write- off? Multiple Choice $15,500 $1,500 $18,500 $17,000
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Minnie has asked you to review the methods Min Armin Wastege uses when dealing with Accounts Receivable. Minnie has compiled the following information for the past 2 months and wants you to update her records on August 31, 2020. On June 30, 2020 the Account Receivable balance for Min Armin Wastege was $13,585 Dr with an Allowance for Doubtful Debts of $462 Cr. In the last two months $4 800 Sales (net of GST) Sales Returns & Allowances (net of GST) 400 Cash Collected 3 550 Bad Debts to be written off (Including GST) 660 The bad debts listed above have not been written off as yet. Minnie has also calculated based on past experience that 7% of net credit sales go bad. All sales are made on credit. REQUIRED: A. Prepare the following General Journal entries to 1. account for the write off of the bad debt during the past two months 2. the adjusting entry on August 31 using the information Minnie has provided В. Update the Accounts Receivable and Allowance for doubtful debts accounts using…
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