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A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Est. Percent Uncollectible 2% Days Outstanding 1-30 days 31-60 days 61 -
A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Est. Percent Uncollectible 2% Days Outstanding 1-30 days 31-60 days 61 - 90 days Over 90 days Accounts Receivable $62,000 $42,000 $25,000 $7,000 5% 11% 52% Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $1,000. Under the aging-of-receivables method, the Uncollectible - Account Expense at year-end is: O A. $10,730 OB. 58.730 OC. 59,730 OD. $1,240
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