Question: Problem 8-4A (Part Level Submission) Pukalani Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts

 Problem 8-4A (Part Level Submission) Pukalani Ltd. prepares an aging schedule

Problem 8-4A (Part Level Submission) Pukalani Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Pukalani's partial aging schedule at the end of July: Number of Days Accounts Estimated Percentage Outstanding Receivable 0-30 days 31-60 days 61-90 days Over 90 days Total $719,000 326,000 121,000 78,000 $1,244,000 Uncollectible 2% 6% 11% 23% The unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000 Complete the aging schedule and calculate the total estimated uncollectible accounts from the above information Accounts Outstanding Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts Number of Days 0-30 days 31-60 days 61-90 days Over 90 days Total $719,000 326,000 121,000 78,000 $1,244,000 2% 5% 11% 23%

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