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Problem 8-4A (Part Level Submission) Pukalani Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts

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Problem 8-4A (Part Level Submission) Pukalani Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Pukalani's partial aging schedule at the end of Number of Days Accounts Estimated Percentage Outstanding Receivable 0-30 days 31-60 days 61-90 days Over 90 days Total $719,000 326,000 121,000 78,000 $1,244,000 Uncollectible 2% 5% 11% 23% The unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000 Your answer is correct. Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information Number of Days Accounts Estimated Percentage Uncollectible Estimated Uncollectible Accounts OutstandingReceivable $719,000 326,000 121,000 78,000 $1,244,000 14380 0-30 days 31-60 days 61-90 days 2% 19560 5% 11% 13310 17940 Over 90 days 23% Total 65190

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