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Marigold Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year - end.

Marigold Corp. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end.
(a)
Calculate the total estimated bad debts based on the below information.
Total
0-30
Number of Days O
31-60
61-90
Accounts receivable
$412,900
$230,500
$97,100
$41,900
%
1%
4%
5%

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