Fey Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in millions): Age of Receivables Balance Estimated % uncollectible Current $5,500 1% 30-60 days past due 1,200 3% 61-90 days past due 850 6% Over 90 days past due 420 10% Total $7,970 Determine the appropriate allowance for uncollectible accounts. How will Fey Corporation report its accounts receivable on the balance sheet?

Fey Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in millions):

Age of Receivables	Balance	Estimated % uncollectible
Current	$5,500	1%
30-60 days past due	1,200	3%
61-90 days past due	850	6%
Over 90 days past due	420	10%
Total	$7,970

Determine the appropriate allowance for uncollectible accounts.

How will Fey Corporation report its accounts receivable on the balance sheet?