A B C G 1 3 Assumptions: 4 5 Custom Balance Current 0-30 The Sheehan Company Number of Days Past Due 31-60 6 Corr Inc. $90,000 61-90 over 90 100% 7 Barry Inc $25,000 8 Mendel | $35,000 50% 60% 50% 40% 9 Sullivan $50,000 50% 50% 10 Vasey In $75,000 100% 11 12 Uncollectible Estim 0% 1% 3% 5% 10% 13 14 Solution: 15 16 17 18 19 20 M N P 0 Prepare an ageing of accounts receivable schedule. The % in the assumption is the portion of the A/R that belongs in that category. R S