Question: CES Problem 8-01A a-d (Part Level Submission) Pronghorn Corp uses the allowance method of accounting for bad debts. The company produced the following aging of

CES Problem 8-01A a-d (Part Level Submission) Pronghorn Corp uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. art (a) Your answer is partially correct. Try again dy Calculate the total estimated bad debts based on the information below. Total $438,000 0-30 $273,000 Number of Days Outstanding 31-60 61-90 91-120 $82,000 $48,000 $23,000 Accounts receivable Over 120 $12,000 % uncollectible 1% 4% 5% 79 11% Estimated bad debts 12260 3740 3280 2000 1680 1320 Click if you would like to Show Work for this question: Open Show Work

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