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Marshall Ltd. has an Accounts Receivable amount of $393,600 and an unadjusted credit balance in Allowance for Doubtful Accounts of $8,500 at March 31. The
Marshall Ltd. has an Accounts Receivable amount of $393,600 and an unadjusted credit balance in Allowance for Doubtful Accounts of $8,500 at March 31. The company's accounts receivable and percentage estimates of its uncollectible accounts are as follows: Number of Days Outstanding 0-30 31-60 61-90 Over 90 Total Accounts Receivable $282,000 53,800 34,800 23,000 $393.600 Estimated Percentage Uncollectible 2% 10% 30% 50% (a) Prepare an aging schedule to determine the total estimated uncollectibles at March 31. Age of Accounts Amount % Estimated Uncollectible $ 0-30 days $282,000 2% 31-60 days 53,800 10% 61-90 days 34,800 30% Over 90 days 23.000 50% $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
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