Question: -12 ill View Policies Current Attempt in Progress Marx Ltd. has an Accounts Receivable amount of $365,200 and an unadjusted credit balance in Allowance for

-12 ill View Policies Current Attempt in Progress Marx Ltd. has an Accounts Receivable amount of $365,200 and an unadjusted credit balance in Allowance for Doubtful Accounts of $8.700 at March 31. The company's accounts receivable and percentage estimates of its uncollectible accounts are as follows: Number of Days Outstanding 0-30 31-60 61-90 Over 90 Total Accounts Receivable $260,000 47.900 34,100 23,200 $365.200 Estimated Percentage Uncollectible 2% 10% 30% 50% (a) Prepare an aging schedule to determine the total estimated uncollectibles at March 31, Amount % Estimated Uncollectible Age of Accounts 0-30 days $260,000 296 $ 42 100 I!! (a) Prepare an aging schedule to determine the total estimated uncollectibles at March 31. Age of Accounts Amount Estimated Uncollectible 0-30 days $260,000 2% $ 31-60 days 47.900 10% 61-90 days 34,100 30% Over 90 days 23,200 50% $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit
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