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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

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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 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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