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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 = $20,000;
Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. Accounts not yet due = $20,000; estimated uncollectible = 5%. Accounts 130 days past due = $9,000; estimated uncollectible = 20%. Accounts more than 30 days past due = $3,000; estimated uncollectible = 30%. Compute the total estimated uncollectible accounts.
Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts.
Accounts not yet due = $20,000; estimated uncollectible = 5%.
Accounts 130 days past due = $9,000; estimated uncollectible = 20%.
Accounts more than 30 days past due = $3,000; estimated uncollectible = 30%.
Compute the total estimated uncollectible accounts.
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