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Cullumber Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $5,000.

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Cullumber Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $5,000. The company produced the following information from aging its accounts receivable at year end. Complete the aging schedule and calculate the total estimated uncollectible accounts. Accounts receivable Estimated % Total $560,000 uncollectible Estimated uncollectible $ $ accounts 0-30 $300,000 2% Number of Days Outstanding 31-60 6 $130,000 5% SA Activate Win Golto Settings to 4C Cloudy

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