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Pearl City Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following
Pearl City Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Pearl City's partial aging schedule at the end of July: Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information. \begin{tabular}{cccc} Number of Days Outstanding & Accounts Receivable & Estimated Percentage Uncollectible & Estimated Uncollectible Accounts \\ O-30 days & $794,000 & 2% & $ \\ 3160 days & 332,000 & 6% \\ 6190 days & 127,000 & 13% \\ Over 90 days & 71,000 & 2285 \\ \hline \end{tabular}
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