You have nearly completed the assessment of Frog Financial Services aged receievables and the following detail has been extracted from the Accounts Receivable Aging Schedule as at 30 June 2024 (refer to image)

The unadjusted balance for the Allowance for Doubtful Debt as at 30 June 2024 was $10,000.

In the 2024 - 25 financial year the following occurred:

• On 15 Augst, $7,000 owing from one of the debtors, Toms Ltd was determined as uncollectable.
• On 10 October, $7,000 was received from Toms Ltd.

Number of days past due Not yest due Total 1-30 31-60 61-90 Over 90 Accounts receivable $258,000 $137,000 $29,000 $24,000 $30,000 $38,000 Estimated percentage uncollectable 3% 6% 12% 24% 50% Total estimated bad debts (to be calculated)