Required Information

$[$The following informotion opplies to the questions disployed below.$]$

Blue Skies Equipment Company uses the sging approoch to estimate bod debt expense ot the end of each accounting

year. Credit sales occur frequently on terms $\frac{n}{60}.$ The balance of esch occount receivable is oged on the bosis of three

time periods as follows: $(1)$ not yet due, $(2)$ up to one year post due, and $(3)$ more than one year post due. Experience has

shown that for each age group, the average loss rate on the amount of the receivable at year$-$end due to uncollectibility is

$($a$)3$ percent, $($b$)9$ percent, and $($c$)29$ percent, respectively.

At December $31,2022($end of the current accounting year$),$ the Accounts Receivable bolance wos $$48,900$ ond the

Allowance for Doubtful Accounts bolance was $$1,020($credit$).$ In determining which accounts have been paid, the

compony opplies collections to the oldest sales first. To simplify, only five customer accounts are used; the details of each

on December $31,2022,$ follow:

Required:

Compute the total accounts receivable in esch sge cotegory$.$

$2$ Compute the estimated uncollectible amount for each age category and in total.

Answer is complete but not entirely correct.

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Compute the total accounts receivable in each age category.