Question

Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts.
1. Accounts not yet due = $40,000; estimated uncollectible = 5%.
2. Accounts 1–30 days past due = $11,000; estimated uncollectible = 20%.
3. Accounts more than 30 days past due = $5,000; estimated uncollectible = 30%.
Compute the total estimated uncollectible accounts.



$1.99
Sales0
Views237
Comments0
  • CreatedJuly 15, 2014
  • Files Included
Post your question
5000