Besley, Inc. manufactures and sells wallboard for use in construction of modular homes. It sells on net-30 terms to contractors. Following are the last six months sales and the accounts receivable balances at the end of June, the present (report) month.

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Calculate the uncollected balance percentages for the company and discuss the insights you gain from this schedule

Accounts Receivable Schedule Besley, Inc. June 30, 2005 MONTH January February March April May June June 30 A/R Balance: Assume all months have 30 days. CREDIT SALES $75,000 50,000 100,000 40,000 45,000 50,000 UNCOLLECTED AMOUNT 5,000 5,000 6,000 6,000 8,000 12,000 $42,000