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P8-1A Reynolds.com uses the allowance method of accounting for bad debts. The com- pany produced the following aging of the accounts receivable at year-end. Number

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P8-1A Reynolds.com uses the allowance method of accounting for bad debts. The com- pany produced the following aging of the accounts receivable at year-end. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts receivable $37,000 $22,00 $90,000 $38,000 $15,000 $12,000 190 4% 590 8% 10% % uncollectible Estimated bad debts

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