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I am stuck I need help with accounts receivable aging method please see attached 361 unt of uncollectible Accounts Receivable Aging Method s expense: $72,714

I am stuck I need help with accounts receivable aging method please see attached

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361 unt of uncollectible Accounts Receivable Aging Method s expense: $72,714 P2. Techno Designs Store uses the accounts receivable aging method to estimate uncol- lectible accounts. On February 1, 2014, the balance of the Accounts Receivable account was a debit of $442,341, and the balance of Allowance for Uncollectible Accounts was a credit of $43,700. During the year, the store had sales on account of $3,722,000, sales returns and allowances of $60,000, worthless accounts written off of $44,300, and col- lections from customers of $3,211,000. As part of the end-of-year (January 31, 2015) procedures, an aging analysis of accounts receivable is prepared. The analysis, which is partially complete, follows. Customer 1-30 31-60 61-90 Over 90 Account Not Yet Total Days Days Days Days Past Due Past Due Past Due Past Due Due Balance Forward $793,791 $438,933 $149,614 $106,400 $57,442 $41,402 To finish the analysis, the following accounts need to be classified: Account Amount Due Date J. Curtis $11,077 Jan. 15 T. Dawson 9,314 Feb. 15 (next fiscal year) L. Zapata 8,664 Dec. 20 R. Copa 780 Oct. 1 E. Land 14,710 Jan. 4 S. Qadri 6,316 Nov. 15 A. Rosenthal 4,389 Mar. 1 (next fiscal year) $55,250 From past experience, the company has found that the following rates are realistic for estimating uncollectible accounts: Percentage Considered Time Uncollectible Not yet due 1-30 days past due UT N 31-60 days past due 15 _90 days past due 25

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