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Required information [The following information applies to the questions displayed below. Daley Company prepared the following aging of receivables analysis at December 31. Days Past
Required information [The following information applies to the questions displayed below. Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total $575,000 Accounts receivable Percent uncollectible 0 $397,000 2% 1 to 30 $91,000 3% 31 to 60 61 to 90 $37,000 $19,000 6% 8 % Over 90 $31,000 11% a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Req A Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles $ $ 17,820 credit
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