Estimating Allowance for Doubtful Accounts

Evers Industries has a past history of uncollectible accounts, as shown below.

Age Class	Percent Uncollectible
Not past due	1	%
1-30 days past due	5
31-60 days past due	25
61-90 days past due	35
Over 90 days past due	50

Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below.

Evers Industries Estimate of Allowance of Doubtful Accounts
	Balance	Not Past Due	1-30 Days Past Due	31-60 Days Past Due	61-90 Days Past Due	Over 90 Days Past Due
Total receivables	853,300	486,000	181,200	75,300	60,600	50,200
Percentage uncollectible		1%	5%	25%	35%	50%
Allowance for Doubtful Accounts