Question
Help Save & Tak The following information is available regarding the outstanding accounts receivable of Mufu Contracting at September 30, 2020 Customer 8. Axley
Help Save & Tak The following information is available regarding the outstanding accounts receivable of Mufu Contracting at September 30, 2020 Customer 8. Axley 1. Holton W. Nix C. Percy K. Willis May $27,000 Jume July August September 57,000 28,000 12,900 " 18,100 4,500 7,00 9,700 12,700 74,300 "All services are performed on terms of n/30. Assume all sales occurred on the last day of the month. Mufu estimates bad debts using the following rates: Not yet due 0.5% 1 to 29 days past due 1% 30 to 59 days past due 4% 60 to 89 days past due 10% 90 to 119 days past due 20% Over 119 days past due 50%
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