Question
The following accounts receivable information pertains to Marshall Inc. Determine the total estimated uncollectible bad debt from Marshall Inc. using the balance sheet aging of
The following accounts receivable information pertains to Marshall Inc. Determine the total estimated uncollectible bad debt from Marshall Inc. using the balance sheet aging of receivables method. Round to the nearest penny, two decimal places.
| Past-Due Category | Accounts Receivable Total | Percentage Uncollectible |
|---|---|---|
| 0-30 days | $80,817 | 8% |
| 31-90 days | 31,963 | 18% |
| Over 90 days | 25,346 | 32% |
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
978-1259307416
