The following aging information pertains to Jacobsen Co.'s accounts receivable at December 31, 2021: Estimated %...
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The following aging information pertains to Jacobsen Co.'s accounts receivable at December 31, 2021: Estimated % Days Outstanding Amount Uncollectible 0-30 31-60 61-120 Over 120 $432,000 2% 152,000 5% 112,000 10% 132,000 20% During 2021, Jacobsen wrote off $19,200 in receivables and recovered $7,200 that had been written off in prior years. Jacobsen's December 31, 2020, allowance for uncollectible accounts was $46,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021? The following aging information pertains to Jacobsen Co.'s accounts receivable at December 31, 2021: Estimated % Days Outstanding Amount Uncollectible 0-30 31-60 61-120 Over 120 $432,000 2% 152,000 5% 112,000 10% 132,000 20% During 2021, Jacobsen wrote off $19,200 in receivables and recovered $7,200 that had been written off in prior years. Jacobsen's December 31, 2020, allowance for uncollectible accounts was $46,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021?
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