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Presented below is an aging schedule for Pharoah Company. Customer Total Not Yet Due Number of Days Past Due 130 3160 6190 Over 90 Aneesh
Presented below is an aging schedule for Pharoah Company.
Customer | Total | Not Yet Due | Number of Days Past Due | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
130 | 3160 | 6190 | Over 90 | |||||||||
Aneesh | $ 22,000 | $ 8,400 | $ 13,600 | |||||||||
Bird | 30,400 | $ 30,400 | ||||||||||
Cope | 46,800 | 4,600 | 4,900 | $ 37,300 | ||||||||
DeSpears | 35,600 | $ 35,600 | ||||||||||
Others | 115,300 | 65,700 | 36,300 | 13,300 | ||||||||
$ 250,100 | $ 100,700 | $ 49,600 | $ 26,900 | $ 37,300 | $ 35,600 | |||||||
Estimated percentage uncollectible | 3% | 7% | 11% | 24% | 58% | |||||||
Total estimated bad debts | $ 39,052 | $ 3,021 | $ 3,472 | $ 2,959 | $ 8,952 | $ 20,648 |
At December 31, 2016, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $ 8,300.
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