Estimating Allowance for Doubtful Accounts

Evers Industries has a past history of uncollectible accounts, as follows.

Age Class

Not past due

$1-30$ days past due

$31-60$ days past due

$61-90$ days past due

Over $90$ days past due

Percent Uncollectible

$1\%$

$3$

$12$

$30$

$75$

Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the chart below.

Evers Industries

Estimate of Allowance for Doubtful Accounts

$\backslash$table$[[,$Balance,$\backslash$table$[[$Not Past$],[$Due$]],\backslash$table$[[$Days$],[$Past$],[$Due $1-],[30]],\backslash$table$[[$Days$],[$Past$],[$Due $31-$