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please see attachments Trump Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts: In addition, the
please see attachments
Trump Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts: In addition, the balance of Allowance for Uncollectible Accounts before adjustment is $1,000 (credit). |
1. | Accounts not yet due = $25,000; estimated uncollectible = 4%. |
2. | Accounts 160 days past due = $10,000; estimated uncollectible = 25%. |
3. | Accounts more than 60 days past due = $5,000; estimated uncollectible = 50%. |
1. | Compute the total estimated uncollectible accounts. |
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