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Brief Exercise 7-12 (Algo) Calculate uncollectible accounts using the aging method [LO7-5, 7-6) Crell Computers categorizes its accounts receivable into four age groups for purposes

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Brief Exercise 7-12 (Algo) Calculate uncollectible accounts using the aging method [LO7-5, 7-6) Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due - $45,000; estimated uncollectible -6%. 2. Accounts 1-30 days past due - $11,300; estimated uncollectible - 8%. 3. Accounts 31-60 days past due - $7,600; estimated uncollectible = 16% 4. Accounts more than 60 days past due - $3,900; estimated uncollectible -24% 2:14:28 What should be the balance in Crell's allowance for uncollectible accounts? Alowance for uncollectible accounts

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