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Prepare the Aging Schedule to determine the adjustment required for the allowance method for bad debt: Age of Accounts Balance December 31, 2019 Estimated %
Prepare the Aging Schedule to determine the adjustment required for the allowance method for bad debt: | |||
Age of Accounts | Balance December 31, 2019 | Estimated % Uncollectible | Estimated Amount Uncollectible |
Current | 159,350 | 2% | |
130 days past due | 66,396 | 4% | |
3190 days past due | 31,870 | 20% | |
Over 90 days past due | 7,968 | 37% | |
Total Accounts Receivable | $ 265,584 | ||
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