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Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). a. Calculation of allowance for uncollectible accounts Age of receivables
Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands).
a. | |||||
Calculation of allowance for uncollectible accounts | |||||
Age of receivables | A/R Balance | Estimated % uncollectible | |||
Current | $9,900 | 1% | |||
30-60 days past due | $2,160 | 3% | |||
61-90 days past due | $1,530 | 6% | |||
Over 90 days past due | $756 | 10% | |||
What bad debt expense should the company report for the current period?
Select one: a. $331 thousand b. $99 thousand c. There is not enough information to determine the amount. d. $5,940 thousand e. $232 thousand
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