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REM Corporation had the following in their accounts receivable aging report: $20,000 (Not yet due); $12,000 (1-30 days past due); $4,000 (31-60 days past due);
REM Corporation had the following in their accounts receivable aging report: $20,000 (Not yet due); $12,000 (1-30 days past due); $4,000 (31-60 days past due); $2,000 (Over 60 days past due). REM accountants estimate that 3% of accounts not yet due will be uncollectible, 15% of accounts 1-30 days past due will be uncollectible, 10% of accounts 31-60 days past due will not be collectible and 30% of accounts over 60 days past due will be uncollectible. Which of the following represents REM's total estimated uncollectible accounts? $600 $38,000 $2,200 $0
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