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Brief Exercise 5-11 (Algo) Calculate uncollectible accounts using the aging method (LO5-5) Williamson Distributors separates its accounts recelvable into three age groups for purposes of
Brief Exercise 5-11 (Algo) Calculate uncollectible accounts using the aging method (LO5-5) Williamson Distributors separates its accounts recelvable into three age groups for purposes of estimating the percentage of uncollectlble accounts. 1. Accounts not yet due =$38,000; estimated uncollectible =5%. 2. Accounts 1 to 30 days past due =$10,800; estimated uncollectible =20%, 3. Accounts more than 30 days past due =$4,800; estimated uncollectible =30%. Compute the total estimated uncollectible accounts
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