Calculate the total estimated uncollectibles based on the below information. Accounts receivable % uncollectible Estimated Bad debts $ Total $307,100 $ 0-30 $100,200 1% $ 31-60 $65,900 4% Number of Days Outstanding 61-90 $ $59,800 5% $ 91-120 $44,600 8% $ Over 120 $36,600 20%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Calculate the total estimated uncollectibles based on the below information.
Accounts receivable
% uncollectible
Estimated Bad debts
Total
$307,100
$
0-30
$100,200
1%
$
31-60
$65,900
4%
Number of Days Outstanding
$
61-90
$59,800
5%
91-120
$44,600
8%
$
Over 120
$36.600
20%
Transcribed Image Text:Calculate the total estimated uncollectibles based on the below information. Accounts receivable % uncollectible Estimated Bad debts Total $307,100 $ 0-30 $100,200 1% $ 31-60 $65,900 4% Number of Days Outstanding $ 61-90 $59,800 5% 91-120 $44,600 8% $ Over 120 $36.600 20%
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