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ABC company uses the aging - of - receivables method to estimate uncollectible receivables. ABC Company has $120,000 in Accounts Receivable that is over 90
ABC company uses the aging - of - receivables method to estimate uncollectible receivables. ABC Company has $120,000 in Accounts Receivable that is over 90 days past due and 80% is estimated uncollectible, $140,000 that is 30-90 days past due and 60% is estimated uncollectible, and $170,000 that is less than 30 days past due and 10% is estimated uncollectible. What is the estimated total uncollectible?
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