Aging of Accounts Receivable The Miller Companys accounts receivable reveal the following balances by age category:

Age of Account	Receivable Balance
030 days	$800,000
3160 days	180,000
6190 days	80,000
91120 days	40,000
	$1,100,000

The allowance for uncollectible accounts has an existing positive balance of $34,200. The companys internal auditors suggest that the following percentages be used to estimate the amount of outstanding receivables that will eventually prove to be uncollectible.

030 days	0.50%
3160 days	1.00%
6190 days	10.00%
91120 days	70.00%

Required Calculate the projected new balance for (a) the allowance for uncollectible accounts and (b) the bad debts expense.

(a)	Allowance for uncollectible accounts	$
(b)	Bad debt expense	$

Aging of Accounts Receivable The Miller Company's accounts receivable reveal the following balances by age category: Age of Account Receivable Balance 0-30 days $800,000 31-60 days 180,000 61-90 days 80,000 40,000 91-120 days $1,100,000 The allowance for uncollectible accounts has an existing positive balance of $34,200. The company's internal auditors suggest that the following percentages be used to estimate the amount of outstanding receivables that will eventually prove to be uncollectible 0-30 days 0.50% 31-60 days 1.00% 61-90 days 10.00% 91-120 days 70.00% Required Calculate the projected new balance for (a) the allowance for uncollectible accounts and (b) the bad debts expense. (a) Allowance for uncollectible accounts $ (b) Bad debt expense $ 41,800 X