Question: Estimating Allowance for Doubtful Accounts Evers Industries has a past history of uncollectible accounts, as shown below. Percent Uncollectible Age Class Not past due 1-30
Estimating Allowance for Doubtful Accounts Evers Industries has a past history of uncollectible accounts, as shown below. Percent Uncollectible Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. 1% 20 30 45 Evers Industries Estimate of Allowance of Doubtful Accounts 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due 58,600 20% Balance Not Past Due 1-30 Days Past Due 654 400 369,500 135,000 49,000 30% 42,300 45% Total recelvables Percentage uncollectible Allowance for Doubtful Accounts 1% 6% Previous Next My Work
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