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Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. Accounts not yet due = $25,000;
Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts.
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Accounts not yet due = $25,000; estimated uncollectible = 5%.
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Accounts 130 days past due = $9,500; estimated uncollectible = 15%.
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Accounts more than 30 days past due = $3,500; estimated uncollectible = 25%.
Compute the total estimated uncollectible accounts.
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