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Time outstanding Accounts Receivable $ amount Fraction expected to be uncollectible Less than 30 days $34,100 1% 31-60 days 4,400 2% 61-90 days 7,400 6%
Time outstanding | Accounts Receivable $ amount | Fraction expected to be uncollectible |
---|---|---|
Less than 30 days | $34,100 | 1% |
31-60 days | 4,400 | 2% |
61-90 days | 7,400 | 6% |
91-120 days | 1,800 | 25% |
121+ days | 1,200 | 40% |
Weston Company completed an aging of their accounts receivable. The previous balance in the allowance was $440. Based on aging of accounts receivable, what is the estimated amount of bad debt expense they should recognize?
Group of answer choices
$1,363
$1,460
$2,243
$1,350
$1,803
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