Lesyani's Kindle for Mac - Accounting Page 442 of 1254 completed aging of receivables schedule as of the end of business on August 31: Show Not B Days Past Due C Not Past Due 3,000 Over 90 1-30 31-60 61-90 Customer 4 Acme Industries Inc. 5 Alliance Company Balance 3,000 4 ,500 4,500 5.000 21 Zollinger Company 22 Subtotals 5,000 1,050,000 600,000 220,000 115,000 85,000 30,000 The following accounts were unintentionally omitted from the aging schedule and not included in the preceding subtotals: Customer Balance Due Date Builders Industries $44,500 May 1 Elkhorn Company 21,000 June 20 Granite Creek Inc. 7,500 July 13 Lockwood Company 14,000 September 9 Teton Company 13,000 August 7 a. Determine the number of days past due for each of the preceding accounts as of August 31. b. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. OBJ.4 EX 9-9 Estimating allowance for doubtful accounts Waddell Industries has a past history of uncollectible accounts, as follows. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule you com- pleted in Exercise 9-8. Percent Uncollectible Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due te: 45% de Keycode here ctions s are entered in the cells with gray backgrounds. ith non-gray backgrounds are protected and cannot be edited. risk () will appear to the right of an incorrect entry Days Past Due Over Not Past Due Customer Balance 1- 30 3 1- 60 6 1.90 90 $ 1.150.000 5 233.000 $ $ $ S 614,000 3% 122,500 15% 105,000 35% 74,500 80% Total receivables Percent uncollectible Allowance for doubtful accounts Ex. 9-9