An analysis of the account receivable of Al-Hashar Company at year end produced the following aging schedule.
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An analysis of the account receivable of Al-Hashar Company at year end produced the following aging schedule. What is the total estimated uncollectible?
Days Account Outstanding | Amount (OMR) | Percentage considered uncollectible |
Not yet due | 27,000 | 2% |
1-30 days past due | 5,700 | 4% |
31 – 60 days past due | 3,000 | 10% |
61 - 90 days past due | 2,000 | 20% |
Over 90 days past due | 1,900 | 40% |
What is the total estimated uncollectible?
a. OMR 2,228
b. OMR 3,220
c. OMR 2,220
d. OMR 3,320
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