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Create an aging schedule for accounts receivable for General Electric Company as of December 31, 2023. Data: total accounts receivable $3,000,000, current $1,800,000, 30-60 days
- Create an aging schedule for accounts receivable for General Electric Company as of December 31, 2023. Data: total accounts receivable $3,000,000, current $1,800,000, 30-60 days past due $600,000, 60-90 days past due $300,000, and over 90 days past due $300,000. Discuss the implications of the aging schedule on the company’s cash flow and bad debt provisions.
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