Question
Brief Exercise 5-11 (Algo) Calculate uncollectible accounts using the aging method (LO5-5) Williamson Distributors separates its accounts receivable into three age groups for purposes
Brief Exercise 5-11 (Algo) Calculate uncollectible accounts using the aging method (LO5-5) Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due = $25,000; estimated uncollectible = 5%. 2. Accounts 1 to 30 days past due = $9,500; estimated uncollectible - 15% 3. Accounts more than 30 days past due = $3,500; estimated uncollectible = 25% Compute the total estimated uncollectible accounts. Age Group Not yet due 1 to 30 days past due More than 30 days past due Total Estimated Amount Uncollectible $
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