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Current Attempt in Progress An aging analysis of Pharoah Company's accounts receivable at December 31, 2023 and 2024, showed the following: December 31 Number
Current Attempt in Progress An aging analysis of Pharoah Company's accounts receivable at December 31, 2023 and 2024, showed the following: December 31 Number of Days Estimated % Outstanding Uncollectible 2024 2023 0-30 days 3% $126,000 $155,000 31-60 days 7% 31,500 77,500 61-90 days 13% 63,000 46,500 Over 90 days 40% 94,500 31,000 Total $315,000 $310,000 Additional information: 1 2 At December 31, 2023, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $6,200. In 2024, $26,700 of accounts was written off as uncollectible and $2,700 of accounts previously written off was collected. (a) Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2023, and at December 31, 2024, 2023 Number of Days Outstanding Amount 0-30 days $155,000 3% 31-60 days 77,500 7% 61-90 days 46,500 13% Over 90 days 31,000 40% Estimated Uncollectible Question 2 of 3 < Tal E Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2023, and at December 31, 202- 2023 Number of Days Outstanding Estimated Uncollectible Amount % 0-30 days $155,000 3% 31-60 days 77,500 7% 61-90 days 46,500 13% Over 90 days 31,000 40% Total $310,000 $ 2024 Number of Estimated Uncollectible 3% $ Days Outstanding Amount % 0-30 days $126,000 31-60 days 31,500 7% 61-90 days 63,000 13% Over 90 days 94,500 40% Total $315,000 eTextbook and Media List of Accounts
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