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0 Q6 (pp. 546-547) 6. The accounts receivable age analysis for the Taylor Trading Company on December 31, 20-1, shows the following totals: Days Overdue

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0 Q6 (pp. 546-547) 6. The accounts receivable age analysis for the Taylor Trading Company on December 31, 20-1, shows the following totals: Days Overdue Balance Current 1-30 31-60 61-90 90+ $95 800 $78 600 $7 700 $2 600 $3 200 $3 700 (a) Calculate the allowance for doubtful accounts if it is estimated that the following percentages are uncollectible: Current, 3 percent; 1-30 days, 10 percent; 31-60 days, 15 percent; 61-90 days, 25 percent; over 90 days, 45 percent. (b) Calculate the estimated value of the net realizable accounts receivable

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