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Coronado Ltd. has prepared the following aging schedule for the company at December 31, 2017. The com of receivables approach to estimate uncollectible accounts. Number
Coronado Ltd. has prepared the following aging schedule for the company at December 31, 2017. The com of receivables approach to estimate uncollectible accounts. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts receivable $380500 $215000 $93000 $37000 $11500 $24000 26 uncollectible 1% 5% 7% 17% 31% stimated collectible counts $18785 $2150 $4650 $2590 $1955 $7440 me that the company has a $1400 debit balance in the allowance account before any adjust mse. The entry to record uncollectible accounts will include a dehit to Bad Debt Expense for $18785
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