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A summary of Max Company's December 31, 2016, accounts receivable aging schedule is presented below: Age Group Amount Estimated Percentage Uncollectible 0 - 60 days
A summary of Max Company's December 31, 2016, accounts receivable aging schedule is presented below: Age Group Amount Estimated Percentage Uncollectible 0 - 60 days $60,000 0.5% 61 - 90 days 22,000 1% 91 - 120 days 3,000 10% over 120 days 1,000 50% - On January 1, 2016, the allowance for uncollectible accounts had a credit balance of $1,000. During 2016, $950 of accounts receivable were written off as uncollectible. What is Max Company's uncollectible accounts expense for 2016
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