Giaraldi Garden Products, Inc. developed an aged schedule of accounts receivable at the end of each year.

The company estimated an allowance for uncollectible accounts based on the following rules:

Aging Category         Allowance Provided

Current……………………...              3%

1– 30 Days Past Due………...            6%

31– 60Days Past Due………...           18%

61– 90Days Past Due………...           45%

Over90 Days Past Due………...        100%

Giaraldi reported net credit sales of $ 18,500,000 for the current year. We present the company’s ending balances of accounts receivable and the allowance for uncollectible accounts below:

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Giaraldi Garden Products: Aged Schedule of Accounts Receivable Past Due Customer Carey Company Gibson, Ltd KW Quarterty Onix Construction Carpenter Lumber Totals Curent 1-30 Days 31-60 Days 61-90 Days Over 90 Days Total $10,000 34,500 44,500 450,000 101,500 235,500 512,500 S127000 1344,000 $423,000 27000 33,000 67000 100,000 1,500 90,500 500 45,000 387000 125,000 810,000 $185,000 $167000 55,000 Accounts Recelvable 1344,000 Allowance for Uncollectibl Ending Balance 30,000 Unadusted Ending Balance