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Use the following information to calculate the ending balance of the allowance account using the aging of accounts receivable method. Aging group Amount Percent uncollectible

Use the following information to calculate the ending balance of the allowance account using the aging of accounts receivable method.

Aging group

Amount

Percent uncollectible

0-30 days

3,800,000

1%

31-60 days

1,200,000

5%

61-90 days

890,000

12%

91+ days

550,000

28%

Select one:

a. 358,800

b. 648,600

c. 550,000

d. 740,60

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