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Dynatech Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected
Dynatech Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Dynatech's partial aging schedule at the end of July: Number of Days Outstanding Accounts Receivable $807,000 Estimated Percentage Uncollectible 0-30 days 2% 31-60 days 321,000 6% 61-90 days 123,000 11% Over 90 days 76,000 24% Total $1,327,000 The unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,050. (a) Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information. Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts $807,000 0-30 days $ 2% 31-60 days 321,000 6% 61-90 days 123,000 11% Over 90 days 76,000 24% Total $1,327,000 $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit
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