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CH8HW Receivables Question 5 of 5 3 - / 10 Bramble Trading is a merchandising wholesaler that sells to corner stores in the community. Lately,

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CH8HW Receivables Question 5 of 5 3 - / 10 Bramble Trading is a merchandising wholesaler that sells to corner stores in the community. Lately, because of the economic conditions, some of Bramble customers have been experiencing financial sifficulties and so Bramble has to pay a great deal of attention to the collection of accounts receivable. Before any year-end adjustments, the balance in Bramble Accounts Receivable account was $630,000 and the Allowance for Doubtful Accounts had a credit balance of $36,000. The company uses an aging schedule to determine the total estimated uncollectible amounts at its year end, December 31: Probability of collection Days Account Outstanding Amount Less than 16 days $319.000 985 Between 16 and 30 days 127.000 SOM Between 31 and 45 days 50.000 80% Between and 60 days 59000 7090 23.000 SON Between of and 75 days 22.000 10 Over 7 day to the enovo Question 5 of 5

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