Need Help to Solve this.
Tableau DA 7-2: Percent of sales method, percent of receivables method, and aging of receivables method LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Cash Accounts Receivable Inventory Supplies Cash: $732,000 Value ($) Accounts Receivable by Age Over 90 days past due 61-90 days past due 31-60 days past due 1-30 days past due Not yet due Prey 1 of 1 !!! Next Makeup of Current Assets Inventory Accounts Receivable Accounts Receivable: $1,220,000 nethod, percent of receivables method, and aging of re e data analytics on bad debts expense at year-end. To do this, you acce up of Current Assets table Inventory Supplies Inventory: $1,708,000 Value ($) unts Receivable by Age Prey 1 of 1 Next eceivables method, and aging of receivables ebts expense at year-end. To do this, you access the following ssets Inventory Supplies Supplies: $476,000 by Age Value ($) Accounts Receivable by Age ver 90 days past due Over 90 days past due: $12,000 61-90 days past due 31-60 days past due 1-30 days past due Not yet due $0 $200,000 $400,000 $600,000 $800,000 61-90 days past due 61-90 days past due: $38,000 cation.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252F Saved Cash Accounts Receivable Inventory Value ($) Accounts Receivable by Age Over 90 days past due 1 61-90 days past due 31-60 days past due 1-30 days past due 31-60 days past due: $86,000 Not yet due 50 $800, $200,000 $400,000 $600,000 Accounts Receivable (5) Percent Uncollectible by Age Makeup of Total Sa 70 Cash GON ible Prey 1 of 1 !!! Next X + 1. Estimate the balance of the Allowance for Doubtful Accounts using percent of sales method. Assume a $0 existing balance in Allowance for Doubtful Accounts. Hint: Identify the percent of uncollectible for credit sales. 2. Estimate the balance of the Allowance for Doubtful Accounts using percent of receivables method. Assume a $0 existing balance in Allowance for Doubtful Accounts. Hint: Identify the percent of uncollectible for accounts receivable. 3. Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. Assume a $0 existing balance in Allowance for Doubtful Accounts Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Estimate the balance of the Allowance for Doubtful Accounts using aging of accounts receivable. Assume a $0 existing balance in Allowance for Doubtful Accounts. Accounts Percent receivable uncollectible (%) Not yet de 1 to 30 31 to 60 61 to 90 Over 90 Estimated balance of wlowance for uncolectibles x
