Question: pls explain how you did this Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible occounts.
Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible occounts. 1. Accounts not yet due =$64,000, estimated uncollectible =8%. 2. Accounts 1-30 days past due =$16,000, estimated uncollectible =10% 3. Accounts 31-60 days post due =$10,700; estimated uncollectible =18%. 4. Accounts more than 60 days past due =$5,400; estimated uncollectible =26%. Whot should be the balance in Creli's allowance for uncollectible accounts
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