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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 = $38,000; estimated uncollectible = 5%. 2. Accounts 130 days past due = $10,800; estimated uncollectible = 20%. 3. Accounts more than 30 days past due = $4,800; estimated uncollectible = 30%. Compute the total estimated uncollectible accounts. Age Group Estimated Amount Uncollectible Not yet due 1-30 days past due More than 30 days past due Total
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