Question: Current Attempt in Progress Pina Colada Corp. had a $300 credit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's
Current Attempt in Progress Pina Colada Corp. had a $300 credit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total Accounts Receivable $190,000 17,500 11,000 7.500 9.500 $235,500 3 % 5 % 15 96 31 26 Current Attempt in Progress Pina Colada Corp. had a $300 credit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Estimated Percentage Uncollectible Current Accounts 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total Accounts Receivable $190,000 17,500 11,000 7.500 9.500 $235,500 3 % 5 % 15 96 31 26
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