Question
Stine Co. sells Christmas angels. Stine determines that at the end of December, it has the following aging schedule of Accounts Receivable: Customer Total Not
Stine Co. sells Christmas angels. Stine determines that at the end of December, it has the following aging schedule of Accounts Receivable: Customer Total Not yet due Number of Days Past Due 1-30 31-60 61-90 Over 90 DV Gannon $500 $300 $200 JJ Joysen 300 100 200 NJ Bell 150 50 100 JC Werly 200 200 ? 300 300 250 200 100 % uncollectible 1 % 5 % 10 % 20 % 50 % Total Estimated Uncollectible Amounts ? ? ? ? ? ? Compute the net receivables based on the above information at the end of December. (There was no beginning balance in the Allowance for Doubtful Accounts). Net receivables
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