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pls help with the mistakes. thank you! The Grouper Corp. follows IFRS and sells office equipment and supplies to many organizations in the city and

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The Grouper Corp. follows IFRS and sells office equipment and supplies to many organizations in the city and surrounding area on contract terms of 2/10,n/30. In the past, over 75% of the credit customers have taken advantage of the discount by paying within 10 days of the invoice date. However, the number of customers taking the full 30 days to pay has increased within the last year. It now appears that less than 60% of the customers are taking the discount. Bad debts as a percentage of gross credit sales have risen from the 1.5% of past years to about 4% in the current year. The controller responded to a request for more information on the deterioration in collections of accounts receivable by preparing the following report: The fact that some credit accounts will prove uncollectible is normal. Annual bad debt write-offs have been 1.5% of credit sales over the past five years. During the last fiscal year, this percentage increased to slightly less than 4%. The current Accounts Receivable balance is $1.5 million. The condition of this balance in terms of age and probability of collection is as follows: balance is $1.5 milion. The condition of this balance in terms of age and probability of collection is as follows: The Alowance for Expected Credit Losses had a credit balance of \$43,200 on June 1, 2022. The Grouper Corp has provided for a monthly bad debt expense accrual during the current fiscal year ending on May 31,2023 , based on the assumption that 4% of gross. credit sales will be uncollectible. Total gross credit sales for the 2022-2023 fiscal year amounted to $4,10 million. Write-offs of bad accounts during the year totalled $145,000. Prepare an accounts receivable aging schedule for the Grouper Corp. using the age categories identified in the controller's report to the finance committee. Show (1) the amount of accounts receivable outstanding for each age category and in total, and (2) the estimated amount that is uncollectible for each category and in total. (Round proportion and probability answers to 3 decimal places, 0.275 and other answers to 0 decimal ploces, es 5.275.) Questi Mulsple Questic Accountin Viewing 19 Accountin Questio Accounting Questior Accounting Question Acsounting Viewing Quest 19 Accournin Multigre

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