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Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). Age of Receivables A/R Balance Estimated % uncollectible Current $12,100
Heller Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands).
Age of Receivables | A/R Balance | Estimated % uncollectible |
Current | $12,100 | 1% |
30-60 days past due | $2,640 | 3% |
61-90 days past due | $1,870 | 6% |
Over 90 days past due | $924 | 10% |
What bad debt expense should the company report for the current period? Please explain why the answer is D.
A. $405 thousand
B. $284 thousand
C. $7,260 thousand
Correct Answer D. There is not enough information to determine the amount.
You Answered E. $121 thousand
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