eBook Show Me How Print tom Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Percent Uncollectible 1% 5 20 30 45 Over 90 days past due Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Subtotals Balance Not Past Due 568,800 335,600 51,200 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due 125,100 28,400 Conover Industries 18,900 28,500 18,900 Keystone Company 21,300 21,300 Moxie Creek Inc. 10,300 10,300 Rainbow Company 7,600 7,600 Swanson Company 23,700 23,700 Totals 650,600 359,300 132,700 61,500 Percentage uncollectible Allowance for Doubtful Accounts 1% 5% 20% 49,700 30% 47,400 45% Check My Work 1 more Check My Work uses remaining. Previous Next >