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Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due
Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due = $33,000; estimated uncollectible = 5%. 2. Accounts 1 to 30 days past due = $10,300; estimated uncollectible = 15%. 3. Accounts more than 30 days past due = $4,300; estimated uncollectible = 25%. Compute the total estimated uncollectible accounts. Not yet due Age Group 1 to 30 days past due More than 30 days past due Total Estimated Amount Uncollectible
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