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Oak Creek, Incorporated uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information at the end of
Oak Creek, Incorporated uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information at the end of the year: Accounts Receivable Estimated % Uncollectible A) $69,000 B) $90,000 $128,000 0 to 30 $ 740,000 Based on the above what is the estimate of uncollectible accounts? $158,000 5% Number of Days Unpaid 31 to 60 $ 480,000 10% 61 to 90 $ 220,000 15% Over 90 $ 160,000 25%
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