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