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Blue Spruce Corp. uses the allowance method of accounting for uncollectibles. The company produced the following aging of the accounts receivable at year-end. (a)
Blue Spruce Corp. uses the allowance method of accounting for uncollectibles. The company produced the following aging of the accounts receivable at year-end. (a) Number of D 0-30 31-60 Calculate the total estimated uncollectibles based on the below information. Total Accounts receivable $546,700 $257,900 $123,800 % 1% 4% uncollectible Estimated $ SA +A $ uncollectibles GA Blue Spruce Corp. uses the allowance method of accounting for uncollectibles. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated uncollectibles based on the below information. 31-60 Number of Days Outstanding 61-90 A $123,800 4% A $66,900 5% +A 91-120 Over 120 $52,700 8% +A $ $45,400 10%
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