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Golden Valley Ltd has an Accounts Receivable amount of $377,500 and an unadjusted credit balance in Allowance for Doubtful Accounts of $9.500 at March 31.
Golden Valley Ltd has an Accounts Receivable amount of $377,500 and an unadjusted credit balance in Allowance for Doubtful Accounts of $9.500 at March 31. The company's accounts receivable and percentage estimates of its uncollectible accounts are as follows: Number of Days Accounts Estimated Percentage Outstanding Receivable Uncollectible 0-30 $271,000 2% 31-60 46,500 10% 61-90 34.700 30% Over 90 25,300 50% $377,500 Total (a) X Prepare an aging schedule to determine the total estimated uncollectibles at March 31, Age of Accounts Amount Estimated Uncollectible 0-30 days $271.000 2% $ 31-60 days 46,500 10% 61-90 days 34,700 30% Over 90 days 25,300 50% Textbook and Media List of Accounts Save for later Attempts: 0 of 15 used Submit
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