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Problem 8-01A a'd (Part Level Submission) Kingbird, Inc. uses the allowance method of accounting for bad debts. The company produced the following aging of the
Problem 8-01A a'd (Part Level Submission) Kingbird, Inc. uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts based on the information below. Total $472,000 Number of Days Outstanding 31 60 61-90 91-120 $88,000 $45,000 $18,000 0-30 $308,000 Accounts receivable Over 120 $13,000 % uncollectible 0 119 Estimated bad debts Click if you would like to show Work for this question: Coen Show Work
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