Formula:

1. , = , %

2. = , ,

3. = , ,

The aging of accounts receivable as of December 31, 2020, are provided below: Outstanding Accounts receivable O days 2,500,000 1 - 30 days 1,500,000 31 -60 days 400,000 61 - 90 days 300,000 91 - 120 days 200,000 Over 120 days 100,000 Compute for the following: 7. Allowance for doubtful accounts as of December 31, 2020 8. Doubtful accounts expense on December 31, 2020 9. Carrying amount of the accounts receivable as of December 31, 2020 Expected uncollectible 0% 5% 10% 15% 20% 25%