Aging Analysis of Accounts Receivable Instructions Chart of Accounts Analysis Instructions Cowen's, a large department store located in a metropolitan area, has been experiencing difficulty in estimating its bad debts. The company has decided to prepare an aging schedule for its outstanding accounts receivable and estimate bad debts by the due dates of its receivables. This analysis discloses the following information: Balance Age of Receivable Estimated Percentage Uncollectible 0.8% $194,000 Under 30 days 2.0% 119,000 30-60 days 5.0% 73,000 61-120 days 20.0% 41,000 121-240 days 35.0% 25,000 241-360 days