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Save & Skies Ement Company uses the aging prochto estimate had been the end of each accounting yet Credit sales occurrently on the balance of

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Save & Skies Ement Company uses the aging prochto estimate had been the end of each accounting yet Credit sales occurrently on the balance of each account recebes aged on the basis of three time periods as follows not yet due (2p to one year past due, and more than one year past de Experience has shown that for each age group, the average loss rate on the amount of the recebe at your end due to come 8 percent. 8 percent, and 30 percent respectively A December 2010 end of the current accounting year, the Accounts Receivablance was $5160 and the Allowance for Dout Account balance was 59:40 creding which accounts ave been ademy applies collections to the oldest sales fest. To only five customer accounts were the details of each on December 31 2019. follow Date /2018 06/30/2011 1/31/2015 Sale Collection Collection Debit 13.00 Credit 3.100 5,00 13,00 9.60 3,500 Date 2270 1203 11/30/2019 D. Bovecente Credit Sole collection 8,300 Collection Malo 21.00 1 Date 11 3/2013 12/15/2010 Neront Herit Elanation Debit Credit Sale 8.50 Collection 1,400 Balance 3,500 7.100 Date 03/02/2017 04/15/2017 9/01/2018 10/15/2010 22/01/2012 5. Strothers account Receivate Explanation Debit Credit Sale Collection 4,900 4.920 Sale 9,200 Collection 3.500 Sale 22.00 Balance 4.400 9,20 5.70 27.700 Balance 4,900 Date 03/02/2017 04/15/2017 09/01/2018 10/15/2018 02/01/2019 03/01/2010 12/31/2019 5. Strothers-Account Receivable Explanation Debit Credit Sale 4,900 Collection 4,900 Sale 9,200 Collection 3,500 Sale 22,000 Collection 6.00 Sale 3,600 9,20 5,700 27,7 20,000 24.500 Date 12/30/2019 T. Thomas Account Receivable Explanation bebit Credit Sale 5.600 Balance 5,600 P6-3 Part 1 Required: 1. Compute the total accounts receivable in each age category Amount Not yet on Up to one year past due More than one year past du Total accounts receive 5 0

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