Question: estimating Allowance for Doubtful Accounts Evers Industries has a past history of uncollectible accounts, as follows. Age Class Not past due 1-30 days past due

estimating Allowance for Doubtful Accounts

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

Age Class

Not past due

1-30 days past due

31-60 davs past due

61-90 days past due

Over 90 days past due

Percent Uncollectible

1 %

Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the chart below.

Estimating Allowance for Doubtful Accounts Evers Industries has a past history of uncollectible accounts, as follows. Age Class Percent Uncollectible Not past due 1 % 1-30 days past due 3 31-60 days past due 12 30 61-90 days past due Over 90 days past due 75 Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the chart below. Evers Industries Estimate of Allowance for Doubtful Accounts Balance Not Past Days Past Days Past Days Past Days Past Due Due 1-30 Due 31-60 Due 61-90 Due Over 90 Total receivables 1,124,500 607,400 233,000 121,600 96,500 66,000 Percentage uncollectible 1% 3% 12% 30% 75% Allowance for doubtful accounts

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