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Sheridan Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $7.000. The

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Sheridan Company uses the allowance method to estimate uncollectible accounts receivable. The unadjusted balance in Allowance for Doubtful Accounts is a debit of $7.000. The company produced the following information from aging its accounts receivable at year end. Complete the aging schedule and calculate the total estimated uncollectible accounts Total Number of Days Outstanding 31-60 61-90 0-30 91-120 $630,000 $390,000 $120.000 $80,000 $40,000 Accounts receivable Estimated % un collectible Estimated uncollectibles accounts 5X 10% 30%

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