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Calculate the total estimated uncollectible based on the below information: Number of Days Outstanding Total Accounts Receivable is 181,000 0-30 Accounts Receivable: 70,000 1% uncollectible
Calculate the total estimated uncollectible based on the below information: Number of Days Outstanding
Total Accounts Receivable is 181,000
0-30 Accounts Receivable: 70,000 1% uncollectible Estimate Bad Debts ?
61-90 Accounts Receivable: 35,000 5% uncollectible Estimate Bad Debts?
91-120 Accounts Receivable: 21,000 8% uncollectible Estimate Bad Debts?
Over 120 Accounts Receivable: 15,000 20% uncollectible Estimate Bad Debts?
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