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Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due =
Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due = $60,000; estimated uncollectible = 5%. 2. Accounts 130 days past due = $15,000; estimated uncollectible = 10%. 3. Accounts 3160 days past due = $10,000; estimated uncollectible = 20%. 4. Accounts more than 60 days past due = $5,000; estimated uncollectible = 30%. What should be the balance in Crell's allowance for uncollectible accounts? Allowance for uncollectible accounts
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