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Question 22 Flint Stone Works reported the following accounts receivable at December 31, 2022. The company also provided its estimate of the portion that it
Question 22 Flint Stone Works reported the following accounts receivable at December 31, 2022. The company also provided its estimate of the portion that it believes will not be collected for each category of aged receivable. Customer GVSU MSU Other customers Totals Estimated % Uncollectible $150,000 $137,200 C$128,000 Current $22,000 $10,000 SO SO $10,000 0% 1-30 Days Past Due SO SO SO SO 1% 31-60 Days Past Due SO SO SO SO 2% 61-90 Days Past Due SO SO $40,000 $40,000 5% What should Flint Stone Works report as its allowance for uncollectible accounts receivable at December 31, 2022? Over 90 Days Past Due SO $20,000 $80,000 $100,000 20% 0.2 Points Total $10,000 $20,000 $120,000 $150,000
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