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Aging of Accounts Receivable The Miller Companys accounts receivable reveal the following balances by age category: Probability of Age of Account Receivable Balance Non-Collection 030
Aging of Accounts Receivable The Miller Companys accounts receivable reveal the following balances by age category: Probability of Age of Account Receivable Balance Non-Collection 030 days $800,000.00 0.5% 3160 days $180,000.00 1.0% 6190 days $80,000.00 10.0% 91120 days $40,000.00 70.0% 1,100,000 The allowance for uncollectible accounts has an existing balance of $34,200. Calcualte the bad debt expense and dollar value for the uncollectible accounts based on the probabilities of non-colleciton Allow. for uncollectible accounts Bad debt expense
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