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4. Stine Co. sells Christmas angels. Stine determines that at the end of December, it has the following aging schedule of Accounts Receivable: Customer Total
4. Stine Co. sells Christmas angels. Stine determines that at the end of December, it has the following aging schedule of Accounts Receivable: Customer Total Not Yet Due Number of Days Past Due 1-30 31-60 61-90 Over 90 DV Gannon $500 $300 $200 JJ Joysen 300 100 200 NJ Bell 150 50 100 JC Werly 200 200 ? 300 300 250 200 100 % uncollectible 1% 5% 10% 20% 50% Total Estimated Uncollectible Amounts ? ? ? ? ? ? EXTRA CREDIT: Compute the net receivables based on the above information at the end of December. (There was no beginning balance in the Allowance for Doubtful Accounts). Net Receivables = _____________________________
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