Tableau DA 7-1: Quick Study, Percent of accounts receivable method LO P3 The manager asks you to assist her with the data analytics on bad debts expense at year-end. To do this, you access the following Tableau Dashboard for your company. Makeup of Current Assets Cash Accounts Receivable Inventory Supplies Value ($) Over 90 days past due Accounts Receivable by Age 61-90 days past due 31-60 days past due 1-30 days past due 70% Not yet due 50 $200,000 $400,000 Accounts Receivable ($) $600,000 $800,000 Makeup of Total Sales Cash Sales Percent Uncollectible by Age 70% 60% Estimated Percent Uncollectible 20% 30% 9 % % % % 0% 10% 50% Percent Uncollectible by Age Makeup of Total Sales Cash Sales Credit Sales Percent Uncollectible by Accounts Credit Sales Not yet due 1-30 days past due 31-40 days past due 61-90 days Over 90 days past due past due Accounts Receivable +ableau 1% 5% KPE 1. Identify the amount of credit sales. 2. Identify the amount of accounts receivable. 3. Estimate the balance of the Allowance for Doubtful Accounts using the percent of accounts receivable method. Hint Identify the percent of uncollectible for accounts receivable. 1. Credit sales 2. Total accounts receivable 3. Allowance for Doubtful Accounts