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Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Total 1
Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Total 1 to 30 31 to 6061 to 90 Over 90 650,000 $412,000 $106,000 $ 52,000 $ 34,000 $46,000 Accounts receivable Percent uncollectible 2% 3% 6% 8% 11% a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method Accounts Receivable Percent Uncollectible (%) Not due: 1 to 30: 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles
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