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Evers Industries has a past history of uncollectible accounts, as follows. Age Class Percent Uncollectible Not past due 1 % 1-30 days past due 3

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

Age Class Percent Uncollectible
Not past due 1 %
1-30 days past due 3
31-60 days past due 12
61-90 days past due 30
Over 90 days past due 75

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

blank Evers Industries Estimate of Allowance for Doubtful Accounts
Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90
Total receivables 1,124,500 607,400 233,000 121,600 96,500 66,000
Percentage uncollectible 1% 3% 12% 30% 75%
Allowance for doubtful accounts fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 fill in the blank 5 fill in the blank 6

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