A company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis.
Accounts receivable
Total 0 1 to 30 31 to 60 61 to 90 Over 90
$ 650,000 $ 412,000 $ 106,000 $ 52,000 $ 34,000 $ 46,000
Percent uncollectible 2% 3% 6% 8% 11%
Complete this question by entering your answers in the tabs below.
Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.
Accounts Receivable Percent Uncollectible (%)
Not due: x =
1 to 30: x =
31 to 60: x =
61 to 90: x =
Over 90: x =
Estimated balance of allowance for uncollectibles