Question
Evers Industries has a past history of uncollectible accounts, as follows. Age Class Percent Uncollectible Not past due 2% 130 days past due 6 3160
Evers Industries has a past history of uncollectible accounts, as follows.
Age Class | Percent Uncollectible |
Not past due | 2% |
130 days past due | 6 |
3160 days past due | 18 |
6190 days past due | 36 |
Over 90 days past due | 76 |
Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the Aging of Receivables Schedule page.
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Aging of Receivables Schedule
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Estimate the allowance for doubtful accounts, based on the aging of receivables information provided below.
Score: 0/19
Evers Industries |
Estimate of Allowance for Doubtful Accounts |
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| Days Past Due | Days Past Due | Days Past Due | Days Past Due |
2 |
| Balance | Not Past Due | 1-30 | 31-60 | 61-90 | Over 90 |
3 | Total receivables | 1,140,600.00 | 614,900.00 | 229,600.00 | 118,200.00 | 105,300.00 | 72,600.00 |
4 | Percentage uncollectible |
| 2.0% | 6.0% | 18.0% | 36.0% | 76.0% |
5 | Allowance for doubtful accounts |
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