Date 12/30/2014 T. Thomas-Account Receivable Explanation Debit 4.900 Credit Balance 4.900 9.09 points Required: 1. Compute the total accounts receivable in each age category, Amount Not yet due Up to one year past due More than one year past due The following information applies to the questions displayed below Blue Skies Equipment Company uses the aging proach to estimate bad debt expense e end of each county Credits Courtesy o n the balance of each correcte sagedone of three time periods as follows not yet due, up to one year past and more than one year Experience has shown that for each age groue average loss on the amount of the receiv e d to uncollectibety is 9 percent ( 15 percent and (32 percet e ctively At December 31, 2014 end of the current accounting the Accounts Recebeblince we SA2800 and h ow for Douth Accou n ce was suced in determing which accounts have been p re company applies collections to the oldest lost to simply only ve customer accounts at the of each on December 201 for Debt 3/11/2013 6/30/2013 1312014 Donalds Account on Debit 0228.2014 04/15 2016 130.2014 Collection N Explanation ccount Dent 12/15/2014 Collector SA CO2/2012 04/5/2012 5.2013 02/01/2014 01204 12/312014 Collection The foongiomontos to the below Guess Hunt comes the m of the time periods as follows you to one year a to collecte per cent indd 22 CM othe nd the concert other foreach age grote verge t e d At December 31, 2011 end of the company is conctions to the account coec o n e ance was 428000 th Nowance for Do a t Dec c ws 100 in de wich t 2010 1. BrowAccount 9/2013 Do Account Receivable Expo 02 2014 0415 2014 730/2014 Collection NN -ACOU 1130201 12/ 2014