Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 1% 1-30 days past due 6 31-60 days past due 20 61-90 days past due 30 Over 90 days past due 45 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule blank Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 680,700 401,600 149,800 61,300 34,000 34,000 Conover Industries 15,600 15,600 Keystone Company 15,500 15,500 Moxie Creek Inc. 7,400 7,400 Rainbow Company 9,000 9,000 Swanson Company 24,500 24,500 Totals 752,700 426,100 158,800 68,700 49,500 49,600 Percentage uncollectible 1% 6% 20% 30% 45% Allowance for Doubtful Accounts

Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 1% 1-30 days past due 6 31-60 days past due 20 61-90 days past due 30 Over 90 days past due 45 Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due 680,700 401,600 149,800 Subtotals 61,300 34,000 34,000 Conover Industries 15,600 15,600 Keystone Company 15,500 15,500 Moxie Creek Inc. 7,400 7,400 Rainbow Company 9,000 9,000 Swanson Company 24,500 24,500 Totals 752,700 426,100 158,800 68,700 49,500 49,600 1% 6% Percentage uncollectible 30% 20% 45% Allowance for Doubtful Accounts 0