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The company history reveals the following percentages of each total class will ultimately become uncollectible: Not Yet Due 1 - 30 days late 31 -

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The company history reveals the following percentages of each total class will ultimately become uncollectible: Not Yet Due 1 - 30 days late 31 - 60 days late 61 - 90 days late 91 or more days late 1% 2% 5% 25% 50% Use the information to calculate what the ending balance in Allowance for Doubtful Accounts should be at the end of the year. Show all work: 1. Consider the following Schedule of Accounts Receivable by onowing Schedule of Accounts Receivable by Age for Liam's Record Shop: Delinquency Not Yet Due 1 - 30 Days late 31-60 Days late 61 - 90 Days Late 91 or more days late Dollar Balance $100,000 25,000 12,000 5,000 1,000 Total $143,000

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