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Prepare the Samsung Inc has customer accounts in its Accounts receivable subsidiary ledger. On September 31 2004, an aging schedule was prepared. The results are
Prepare the Samsung Inc has customer accounts in its Accounts receivable subsidiary ledger. On September 31 2004, an aging schedule was prepared. The results are summarized below: GROUP AMOUNT UNCOLLECTIBLE % Estimated Uncollectible Accounts Not yet due Rs.200,000 2 1-30 days past due 120,000 5 31-60 days past due 130,000 15 61-90 days past due 200,000 30 Over 90 days past due 50,000 50 Required: Prepare a schedule to compute Estimated Uncollectible Accounts
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