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1% 3% 12% 30% Aging of Receivables Schedule Instructions Evers Industries has a past history of uncollectible accounts, as follows. Percent Uncollectible 1% Age Class
1% 3% 12% 30%
Aging of Receivables Schedule Instructions Evers Industries has a past history of uncollectible accounts, as follows. Percent Uncollectible 1% Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due 12 30 75 Estimate the sllowance for doubtful accounts, based on the gging of receivables information provided in the Aging of Receivables Schedule page g of Recelvables Schedule Estimate the allowdnce for doubtful accounts, based on the aging of receivables information provided below Evers Industries Estimate of Allowance for Doubtful Accounts Days Past Due Days Past Due Days Past Due 61-90 31-60 1-30 Not Past Due Balance 96,500.00 121,600.00 233,000.00 60740000 3 Total receivables 1124,500.00 30.0% Percentage uncollectible Allowance for doubtful accounts 120% 3.0%Step by Step Solution
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