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what is the estimated ending balance in the allowance for uncollectible accounts. please exapln how you got the answer. Knowledge Check 01 Sampson Company creates

what is the estimated ending balance in the allowance for uncollectible accounts. please exapln how you got the answer. image text in transcribed
Knowledge Check 01 Sampson Company creates the following accounts receivable aging report at the end of the year. Age 0-60 days 61-20 days 121-180 days More than 180 days Total Accounts Receivable ($ in millions) $20 10 5 10 $45 Estimated Uncollectible 158 256 500 808 The balance of the Allowance for Uncollectible Accounts before adjustment is $5 million (credit Use the information above to calculate the estimated ending balance in the Allowance for Uncollectible Accounts

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