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accounts is $3,400 and the company writes off $1,000 in bad debts during the year. (a)Calculate the estimated doubtful accounts using the aging of accounts
accounts is $3,400 and the company writes off $1,000 in bad debts during the year. (a)Calculate the estimated doubtful accounts using the aging of accounts receivable method given that $1,530,000 of the credit sales are not yet due (estimated that 0.4% are uncollectible), $343,000 are 1-60 days late (estimated that 2.30% are uncollectible Your company has $3,700,000 in credit sales during 2011. The beginning balance of the allowance for doubtful) and $13,000 are over 60 days late (estimated that 35% are uncollectible). (Omit the "$" sign in your response.)
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