Merry Co. sells Christmas angels. Merry determines that at the end of December, they have the following aging schedule of Accounts Receivable:

 

(a) Compute the total estimated uncollectible amounts.

(b) Compute the net receivables based on the above information at the end of December (There was no beginning balance in the Allowance for Doubtful Accounts).

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Customer Total Not yet due Number of Days Past Due 31-60 1-30 61-90 Over 90 к. Вrant D. Eaton S Klein C. Sheen $500 $300 $200 300 100 200 150 50 100 200 200 ? 300 300 250 200 100 % uncollectible 1% 5% 10% 25% 50% Total Estimated Uncollectible Amounts Customer Total Not yet due Number of Days Past Due 31-60 1-30 61-90 Over 90 к. Вrant D. Eaton S Klein C. Sheen $500 $300 $200 300 100 200 150 50 100 200 200 ? 300 300 250 200 100 % uncollectible 1% 5% 10% 25% 50% Total Estimated Uncollectible Amounts

Answer rating: 100% (QA)

Answer Total Not yet due 130 3160 6190 Over 90 K Brant 500 300 20... View the full answer