Question: Create an aging schedule for accounts receivable for General Electric Company as of December 31, 2023. Data: total accounts receivable $6,000,000, current $3,600,000, 30-60 days

Create an aging schedule for accounts receivable for General Electric Company as of December 31, 2023. Data: total accounts receivable $6,000,000, current $3,600,000, 30-60 days past due $1,200,000, 60-90 days past due $600,000, and over 90 days past due $600,000. Discuss the implications of the aging schedule on the company’s cash flow and bad debt provisions.

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