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Blossom Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $4,000. (a)
Blossom Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $4,000. (a) The company produced the following information from aging its accounts receivable at year end. Complete the aging schedule and calculate the total estimated uncollectible accounts. Number of Days Accounts receivable Total 0-30 31-60 Estimated % uncollectible $720,000 $380,000 $170,000 Estimated uncollectible $ 3% 6% accounts
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