Quigley Industries has a past history of uncollectible accounts, as shown below. Estimate the allowance for doubtful
Question:
Percent
Age Class Uncollectible
Not past due ..... 1%
1–30 days past due .... 4
31–60 days past due .. 15
61–90 days past due .. 35
Over 90 days past due .. 60
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Days Past Due Not Past Over Balance Due 130 3160 ...View the full answer
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