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Daley Company estimates uncollectible accounts using the allowance method at December 31. lt prepared the following aging of receivables analysis Days Past Due Total 1
Daley Company estimates uncollectible accounts using the allowance method at December 31. lt prepared the following aging of receivables analysis Days Past Due Total 1 to 30 31 to 60 61 to 90 Over 90 $625,000 $407,000 $101,000 $47,000 $29,000 $41,000 Accounts receivable 4 7% Percent uncollectible 3% 9% 12% a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method Accounts Percent Uncollectible Receivable Not due: 1 to 30: 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles
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