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Merry Co. sells Christmas angels. Merry determines that at the end of December, they have the following aging schedule of Accounts Receivable: Customer Total Number

Merry Co. sells Christmas angels. Merry determines that at the end of December, they have the following aging schedule of Accounts Receivable:

Customer Total Number of Days Past Due

Not yet due 130 3160 6190 Over 90

K. Brant $500 $300 $200

D. Eaton 300 100 200

S Klein 150 50 100

C. Sheen 200 200

? 300 300 250 200 100

% uncollectible 1% 5% 10% 20% 50%

Total Estimated Uncollectible

Amounts ? ? ? ? ? ?

Compute the net receivables based on the above information at the end of December (There was no beginning balance in the Allowance for Doubtful Accounts).

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