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3 In what case we spend cash? Starlight a Broadway media rm uses the balance sheet approach to estimate uncollectible accounts expense. At year end

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3" In what case we spend cash? Starlight a Broadway media rm uses the balance sheet approach to estimate uncollectible accounts expense. At year end an aging of the accounts receivable produced the following five groupings: a. Notyetdue ................................................... $500,000 b. 1-30 dayspastdue .......................................... 110,000 c. 31-60 dayspastdue ........................................... 50,000 d. 61-90 dayspastdue ........................................... 30,000 e. over 90 days past due ......................................... 60,000 Total ................................................................ $750,000

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