FILL IN THE BLANK BOXES

Metlock, Inc. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts based on the below information. Number of a Total 0-30 31-60 $452,300 $240,500 $106,000 Accounts receivable % uncollectible Estimated bad debts 1% 4% $ $ $ Metlock, Inc. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts based on the below information. Number of Days Outstanding 61-90 31-60 91-120 Over 120 $106,000 $48,000 $32,600 $25,200 4% 5% 8% 10% $ $ $