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Estimate balance for allowance Following is a list of credit customers along with their amounts owed due and the days past due at December 31.

Estimate balance for allowance

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Following is a list of credit customers along with their amounts owed due and the days past due at December 31. Following that list are five classifications of accounts receivable and estimated bad debts percent for each class. Days Past Due 1 to 30 31 to 60 61 to 90 Over 90 Percent uncollectible 2% 4% 6% 9% 13% ook Customer Accounts Days Past Hint Receivable Due BCC Company $5,900 15 rences Lannister Co. 2,900 Mike Properties 6,900 110 Ted Reeves 1, 600 75 Jen Steffens 3,900 43 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above. Calculate the estimated balance for the Allowance for Doubtful Accounts. Estimated balance for Allowance for Doubtful Accounts

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