Roger Company has a policy that their allowance for uncollectible accounts should be 50% of the amount in the 60-90 day past due category plus 75% of the amount in the >90 day past due category as of the reporting date (in this case December 31. Use the Roger Company AR table in ACL and the Analyze >> Age command to re-compute the allowance for uncollectible accounts. In addition to re-computing the allowance for uncollectible accounts, report the results of the aging table that you are asked to complete.

Problem 1a: The outstanding balance for 0-29 days is: _____ (Follow the step by step instructions for Problem 1 on the Ch 4 ACL Exercises and Problems page in the ACL Instructions)

Problem 1b: 60-90 days outstanding balance is $29,500 (true/false) (Follow the step by step instructions for Problem 1 on the Ch 4 ACL Exercises and Problems page in the ACL Instructions)

Problem 1c: the total allowance for uncollectible accounts should be: _____ (Using the aging table, calculate the allowance for uncollectible accounts based on the percentages in Problem 1 on the Ch 4 ACL Exercises and Problems page in the ACL Instructions)