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Crane Company has accounts receivable of $160,000 at September 30, 2021. An analysis of the accounts shows the following: Month of Sale Balance September $113,000

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Crane Company has accounts receivable of $160,000 at September 30, 2021. An analysis of the accounts shows the following: Month of Sale Balance September $113,000 August 24,000 July 13,000 April, May, and 10,000 June $160,000 Credit terms are 2/10, n/30. The unadjusted balance in the Allowance for Doubtful Accounts on September 30, 2021, is $1,790 debit. The company uses an aging schedule to estimate uncollectible accounts. The company's percentage estimates of bad debts are as follows: Number of Days Estimated % Outstanding Uncollectible 0-30 1% 31-60 10% 61-90 25% Over 90 60%(3) Prepare an aging schedule to determine the total estimated uncollectible accounts at September 30, 2021. Age of Accounts 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding Save for Later Amount $113,000 24,000 13,000 10,000 1% 10% 25% 60% Estimated Uncollectible Attempts: 0 of 2 used

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