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Exercise 9-10 Aging of Receivables Schedule LO P3 Following is a list of credit customers along with their amounts owed due and the days
Exercise 9-10 Aging of Receivables Schedule LO P3 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. Percent uncollectible Days Past Due 0 1% 1 to 30 3% 31 to 60 61 to 90 5% Over 90 8% 12% Customer BCC Company Lannister Co. Mike Properties Ted Reeves Jen Steffens $4,000 Accounts Receivable Days Past Due 12 0 107 72 35 1,000 5,000 500 2,000 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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