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QUESTION 21 A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding Accounts Est. Percent Receivable Uncollectible 1-30 days $62,000

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QUESTION 21 A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding Accounts Est. Percent Receivable Uncollectible 1-30 days $62,000 2% 31-60 days $42.000 61-90 days $22.000 11% Over 90 days $6000 5190 Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $700. Under the aging-of-rocnlvables method, the balance in the Allowance for Uncollectible Accounts will be after the adjusting entry is made $7700 S9100 58400 $540 49 QUESTION 21 A year-end review of Accounts Receivable and estimated uncollectible percentages Days Outstanding Accounts Est. Percent Receivable Uncollectible 1-30 days $62,000 2% 31-60 days $42,000 4% 61-90 days $22,000 11% Over 90 days $6000 51% Before the year-end adjustment, the credit balance in Allowance for Uncollectible Acc Uncollectible Accounts will be after the adjusting entry is made. $7700 $9100 $8400 $540

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