Page $3$

Question $3(20$ marks$)$

The following information was taken from McMuffins Company's ageing schedule in order to estimate uncollectible accounts receivable at September $30,2022,$ the year end of the Company. The Company uses the ailowance method to account for bad debts.

$\backslash$table$[[,,$Number of Days Outstanding$],[,$Total,$0-30,31-60,61-90,91-120,$Over $120],[$Accounts Receivable,$506,500,240,000,105,000,65,000,42,500,54,000],[\%$ Uncollectable,,$1\%,2\%,5\%,8\%,10\%$