Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). a. Calculation
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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 | 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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