Question 8

Following is a list of credit customers along with their amounts owed due and the days past due at December 31. Following that list are five classifications of accounts receivable and estimated bad debts percent for each class. Days Past Due 31 to 60 6E to 90 1 to 30 Over 90 12% Percent uncollectible Customer BCC Company Lannister Co. Mike Properties Ted Reeves Den Steffens Accounts Receivable $5,400 2.400 6,400 1,200 Days Past Due 11 o 100 BD 1. Create an aging of accounts receivable schedule of accounts receivable by age similar to the table given above Calculate the estimated balance for the Allowance for Doubtful Accounts Estimated balance for Allowance for Doubtful Accounts